Question

    The IFSC is an/a _______ digit alphanumeric code.

    A Seven Correct Answer Incorrect Answer
    B Twelve Correct Answer Incorrect Answer
    C Fourteen Correct Answer Incorrect Answer
    D Eleven Correct Answer Incorrect Answer
    E Eighteen Correct Answer Incorrect Answer

    Solution

    IFSC – Indian Financial System Code is used in every electronic fund transfer done by NEFT and RTGS. It is an 11 digit alphanumeric code divided into three parts. 1 to 4 – Alphabets which represents Bank 5th – always Zero (Control number) 6 to 11 – Numeric represents Bank (Destination) Branch 

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