The 'IFSC Code' is an alphanumeric code comprising 11 characters that facilitates Electronic Fund Transfer in the country. The alphabet 'F' in the abbreviation 'IFSC' stands for ?

IFSC stands for - Indian Financial System Code. This is a code uniquely identifies each bank branch participating in the two main Payment and settlement systems in India :

1. RTGS - The Real Time Gross Settlement  (and)

2. NEFT - The National Electronic Fund Transfer (NEFT) systems.