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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 three main Payment and settlement systems in India: the National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS) and Immediate Payment Service (IMPS) systems.
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Following after the bank code, a 4-digit number branch code identifier. For a list of Swiss bank codes, see Bank clearing number. Ukraine has 6 digit bank codes. Account number does not include bank code. List of bank codes is available at the site of the National Bank of Ukraine. [2] The UK has a 6-digit sort code.
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CDSL is the largest depository in India in terms of number of demat accounts opened. In February, CDSL became the first depository in India to open 60 million active demat accounts. [ 4 ] As of March 2022, the depository holds assets worth ₹ 37.2 trillion, [ 5 ] with over 580 depository participants associated with CDSL.
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