Financial Awareness Codes using in daily Banking TermsDear Readers, In this article you will get to know about the 'various codes used in Indian Banking Industry' that means Different codes used in Banking Context which identifies a bank branch of a particular bank uniquely. These codes are used for different purposes as explained below. So with the help of these codes alone, one can find the other information and address of a particular branch.
After reading this article you will know:-
- What Is Magnetic Ink Character Recognition (MICR)?
- What Is SWIFT Codes & BIC Codes?
- What Is RTGS and NEFT?
- What Is IFSC in Indian Banking Industry?
We know that People also ask-
- What is the meaning of IFSC code?
- What is the use of MICR code?
- Why IFSC code is needed?
- What is the full form of IFSC?