The correct answer is Real Time Gross Settlement, Indian Financial System Code. The Indian Financial System Code (IFS Code or IFSC) is an alphanumeric code that facilitates electronic funds transfer in India. A code uniquely identifies each bank branch participating in the three main Payment and settlement systems in India: the National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS) systems. The RTGS system is primarily meant for large value transactions. The minimum amount to be remitted through RTGS is ? 2,00,000/- with no upper or maximum ceiling. RTGS, transactions are processed continuously throughout the RTGS business hours. All the bank branches in India are not RTGS enabled. Presently, there are more than 100,000 RTGS enabled bank branches. Important PointsAbbreviations are most frequently used in the banking sector. Examples includeATM “ Automated Teller MachineHDFC “ Housing Development Finance CorporationICICI “ Credit and Investment Corporation of IndiaIFSC “ Indian Financial System CodeINR “ Indian RupeeNEFT “ National Electronic Funds TransferRTGC “ Real-Time Gross SettlementRBL “ Ratnakar Bank Limited