The Indian Financial System Code (IFSC) is an alphanumeric unique arrangement of digits and letters or code which represents a particular bank or a particular branch taking part in four main Electronic Funds Settlement Systems prevalent in India. These four Electronic Funds Settlement Systems are: 1. Real Time Gross Settlement or RTGS 2. National Electronic Funds Transfer or NEFT 3. Immediate Payment Service Systems or IMPS 4. Centralised Funds Management System or CFMS