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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.

Question: what are the two main systems
Self-contained rewrite: what are the two main payment and settlement systems in india