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what is meant by ifsc code in banking
The Indian Financial System Code (IFS Code or IFSC) is an alphanumeric code that facilitates electronic funds transfer in India.
what is the purpose of the indian financial system code
An Indian Financial System Code uniquely identifies each bank branch participating in the two main Payment and settlement systems in India.
what are the two main payment and settlement systems in india
The two main Payment and settlement systems in India are the Real Time Gross Settlement (RTGS) and the National Electronic Fund Transfer (NEFT) systems.

Question: how is the code formatted
Self-contained rewrite: how is the indian financial system code formatted