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IFSC stands for âIndian Financial System Codeâ. If you are in India and wish to transfer money from one bank to another within the country, you can easily do it once you know the IFSC codes of both the banks. IFSC required whether you are using RTGS, NEFT or CEMS, which are different payment systems developed by RBI.
FSC is the Federal Supply Classification code and is derived from the Federal Supply Groups (FSG). These four digit codes help to classify and identify the products you sell. To find your FSC code, use the search utility at http://www.dlis.dla.mil/H2/ .AICS, PSC, FSC â¦ The government certainly likes to assign seemingly random numbers to everything. However, these codes are how government agencies determine what your business does and if they have a need for your products or services. One digit out of place and your company could go from landscaping to event catering!