What does the letter 'S' denote in the term IFSC?

A. Subscriber

B. State

C. System

D. Source

Answer: Option C

Solution(By Examveda Team)

The Indian Financial System Code (IFSC CodE. is an alphanumeric code that uniquely identifies a bank-branch participating in the Real-Time Gross Settlement (RTGS) and the National Electronic Funds Transfer (NEFT) Systems.