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What is the alphanumeric code on cheques...

What is the alphanumeric code on cheques called?

A

RTGS

B

MICR

C

IFSE

D

NEFT

Text Solution

Verified by Experts

The correct Answer is:
C
The Indian Financial System Code (IFSC) is an alphanumeric code that uniquely identifies a bank-branch participating in the two main electronic funds settlement systems in India : The real time gross settlement (RTGS) and the national electronic funds transfer (NEET) systems.
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