In a recent report by the world bank, India’s GDP will rise from 7 to 7.3% in the near future. These signs shows that the economy is picking up and there is a good possibility that it will maintain this upward trajectory even in the coming future. Thus the need of the hour is to promote online banking to ensure economic, administrative and political efficiency. For sustainable growth India will have to improve its service sector and IFSC will definitely act as a catalyst for it. WHAT IS IFSC: The IFSC is a alphanumeric number given every customers of a bank. This means the IFSC code comprises of both alphabet as well as numbers. The code is used to identify the particular branch of a bank.Thus every branch is provided with a IFSC code. The first five digit shows the name of the bank, then zero, followed by the 6 digit unique code that identifies the bank branch.Some of the benefits of IFSC and online banking are:-
0 Comments
Leave a Reply. |
Details
Rahul BhistFirst blog by the Bhist Archives
February 2018
Categories |