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What does the letter 'S' denote in the term IFSC?

  • A.Subscriber
  • B.State
  • C.System
  • D.Source

Answer: 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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