What is IFSC code?

The Indian Financial System Code (IFS Code or IFSC) is an alphanumeric code that facilitates electronic funds transfer in India. A code uniquely identifies each bank branch participating in the two main Payment and settlement systems in India: the Real Time Gross Settlement (RTGS) and the National Electronic Fund Transfer (NEFT) systems.

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What is MICR code?

Magnetic Ink Character Recognition Code (MICR Code) is a character-recognition technology used mainly by the banking industry to ease the processing and clearance of cheques and other documents.

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What is NEFT Code?

National Electronic Funds Transfer (NEFT) is one of the most prominent electronic funds transfer systems of India. National Electronic Funds Transfer (NEFT) is a nation-wide payment system facilitating one-to-one funds transfer.

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What is RTGS?

Real Time Gross Settlement is a funds transfer mechanism where transfer of money takes place from one bank to another on a 'real time' and on 'gross' basis.

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What is ECS?

Electronic Clearing Service are Two Types ECS Credit, ECS Debit

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What is Bank Loan

A bank loan is the most common form of loan capital for a business. A bank loan provides medium or long-term finance. The bank sets the fixed period over which the loan is provided (e.g. 3, 5 or 10 years), the rate of interest and the timing and amount of repayments.

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