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Is Ifsc Code And Rtgs The Same? |
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Answer» IFSC stands for Indian Financial SYSTEM Code. The IFSC code comprises eleven characters and is used to identify the bank and its branch. RTGS stands for Real TIME Gross Settlement. It is one of TWO main payment and settlement systems in India. To conduct any such EFT, IFSC is required. IFSC stands for Indian Financial System Code. The IFSC code comprises eleven characters and is used to identify the bank and its branch. RTGS stands for Real Time Gross Settlement. It is one of two main payment and settlement systems in India. To conduct any such EFT, IFSC is required. |
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