GK
INSURANCE AWARENESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What does the letter ‘S’ denote in the term IFSC?
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State
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Source
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System
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Subscriber
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Explanation:
Detailed explanation-1: -Two national payment systems, RTGS and NEFT make use of IFSC in routing of transactions. The IFSC is an 11 digit alpha numeric code, with the first four digits identifying the bank, fifth is numeric (kept 0) and the last six digits represent the bank branch.
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