IFSC Full Form is Indian Economic System Code. From Wikipedia, the free encyclopedia. The Indian economic system Code (IFS Code or IFSC) is an alphanumeric code that facilitates electronic funds transfer in India. What is the meaning of IFSC? Indian economic system Code Definition: IFSC (Indian economic system Code) is an 11-digit alphanumeric code that …
RTGS Full Form:- So, RTGS is an acronym that stands for Real Time Gross Settlement. As the name defines, it is a continuous (real-time) settlement of money transfers from person to person on an order-by-order basis. RTGS transfers money or securities from one bank to another in real-time and on a holistic basis. Also, RTGS …
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NEFT Full Form: National Electronic Funds Transfer (NEFT) is an Indian system of electronic transfer of funds from one bank to another. It was introduced by the Reserve Bank of India. It is an electronic funds transfer system based on Deferred Net Settlement (DNS) that settles transactions in batches. A bank branch needs to be …
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