You could lose money if you enter wrong IFSC for online fund transfer

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When making online fund transfer through NEFT, RTGS or IMPS, ensure you enter the correct IFSC along with the beneficiary’s name and account number.

When transferring money online through your bank account, you not only need to ensure that you enter the correct account number but also the correct IFSC (Indian Financial System Code). Each bank branch has a separate IFSC of its own