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  1. Nice post it has been very useful to learn such a good blog. What is meant by IFSC code? IFSC code is a distinctive eleven-digit number which is a combination of alphabets and numerals. It is used to transfer funds online for NEFT, IMPS and RTGS transactions. Usually, this code is found on the chequebook provided by the bank. The IFSC code of each bank branch is delegated by the Reserve Bank of India. Internet banking transactions for transferring funds, using NEFT, IMPS and RTGS, can not be initiated without a valid IFSC or Indian Financial System Code. Generally, there isn't any change or upgrade in the 11-digit IFSC code. Recently, the State Bank of India altered the Indian Financial System Code of its branches throughout the country after the merger with five associate banks and 1 other bank.

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