It seems there's a typo in the question. The question likely refers to the IFSC code, not the "ifc code." So, let's clarify and answer what an IFSC code is.
The IFSC (Indian Financial System Code) code is a unique identifier for bank branches in India, used for online money transfers.
Here's a breakdown:
- The IFSC code is an eleven-digit alphanumeric code.
- It's used for online fund transfers such as:
- NEFT (National Electronic Funds Transfer)
- IMPS (Immediate Payment Service)
- RTGS (Real Time Gross Settlement)
- You can usually find it on:
- Your chequebook
- The front page of your passbook
