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You should know

Indian Financial System Code (IFSC) is a unique 11-digit code allocated by Reserve Bank of India ...
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Magnetic Ink Character Recognition (MICR) may be a printing technology utilized in the banking system to print the MICR code...
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National Electronic Funds Transfer (NEFT) is a fund transfer process available with Reserve Bank of India (RBI)...
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Immediate Payment System (IMPS) is an electronic fund transfer system operated by the National Payments Corporation of India (NPCI) ...
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Real Time Gross Settlement (RTGS) is an electronic fund transfer system which is used to transfer money from one bank account to another...
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