Answer: Indian Financial System Code
Notes: IFSC stands for Indian Financial System Code. It is an 11-digit alphanumeric code used to identify each bank branch uniquely within the country. This system was introduced by the Reserve Bank of India to streamline the process of funds transfer systemically and efficiently. The design of the code itself is very organized, the first four characters represent the bank, the next character (0) is reserved as control character, and the last six characters identify the specific branch.
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