Banking

IFSC Code vs MICR Code

IFSC Code vs MICR Code
In context to Indian banking, both refer to unique codes. IFSC code stands for Indian Financial System code. It is made up of eleven characters and used to identify the branch of bank. IFSC code stands for...

IFSC Code vs BSR Code

IFSC Code vs BSR Code
In context to Indian banking, both refer to unique codes. IFSC code stands for Indian Financial System Code. It is made up of eleven characters and used to identify the branch of bank. BSR code stands for...

EFT vs ACH

EFT vs ACH
'EFT' stands for Electronic Fund Transfer. It is an umbrella term for all the transactions or transfer of funds that takes place through computer-systems. ACH stands for Automated Clearing House. It...

NEFT vs ECS

NEFT vs ECS
‘NEFT’ stands for National Electronic Fund Transfer. ‘NEFT’ in India is associated to an electronic fund transfer system, in which transactions are settled in batches during specific timings ‘ECS’ stands for...

NEFT vs EFT

NEFT vs EFT
‘NEFT’ stands for National Electronic Fund Transfer. ‘NEFT’ in India is associated to an electronic fund transfer system, in which transactions are settled in batches during specific timings. 'EFT'...

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