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The Indian Financial System Code (IFSC) is an 11-character alphanumeric code assigned by the Reserve Bank of India (RBI) to every bank branch participating in online fund transfers. This code plays a critical role in ensuring smooth and error-free digital transactions such as NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service). Each branch of every bank in India has its unique IFSC, which acts like an address to pinpoint the specific bank branch where a transaction is directed.