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Question : In the context of the banking sector, what does "F" stand for in IFSC?

Option 1: Fiscal

Option 2: Forum

Option 3: Functional

Option 4: Financial


Team Careers360 6th Jan, 2024
Answer (1)
Team Careers360 22nd Jan, 2024

Correct Answer: Financial


Solution : The correct option is the Financial.

"F" in IFSC stands for "Financial". IFSC stands for Indian Financial System Code. It is a unique alphanumeric code assigned to each bank branch in India by the Reserve Bank of India (RBI) to facilitate electronic funds transfer and other online transactions such as NEFT (National Electronic Funds Transfer) and RTGS (Real-Time Gross Settlement).

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