The “IFSC Code’ is an alphanumeric code comprising 11 characters that facilitates electronic fund transfer in the country. The alphabet ‘I’ in the abbreviation ‘IFSC’ stands for ______________

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1. The IFSC is an alphanumeric code of $11$ characters used to uniquely identify bank branches for electronic fund transfers.

2. The full form of IFSC is "Indian Financial System Code".

3. Therefore, the first letter "I" in IFSC stands for "Indian".

FINAL_ANSWER: b

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