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Which code is a prerequisite for NEFT and RTGS transactions?

AIFSC
BMICR
CSWIFT
DCRISP
Answer & Solution
Correct answer: A. IFSC
1. The code identifies the branch in the payment system. 2. It appears on the cheque leaf and the passbook. 3. It is the Indian Financial System Code. _Source: Reserve Bank of India (Commercial Banks - Responsible Business Conduct) Directions, 2025_
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