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Question
What does the letter 'S' denote in the term IFSC?
Options:
A .  Subscriber
B .  State
C .  System
D .  Source
Answer: Option C


The Indian Financial System Code (IFSC CodE. is an alphanumeric code that uniquely identifies a bank-branch participating in the Real-Time Gross Settlement (RTGS) and the National Electronic Funds Transfer (NEFT) Systems.



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