IFSC

IFSC is an acronym that can refer to several organizations and systems in different fields, notably in finance and sport. The meaning depends on context, and the term often denotes one of three widely used definitions: International Financial Services Centre in India, Indian Financial System Code for banking, and the International Federation of Sport Climbing.

In India, IFSC commonly denotes the International Financial Services Centre, a designated zone within GIFT City, Gandhinagar, Gujarat, established to host financial institutions and cross-border services. It operates under the regulatory framework of the International Financial Services Centres Authority (IFSCA), created by the government to supervise banking, capital markets, insurance, fund management, and related activities in the centre. The aim is to provide a global-scale financial hub with policy support and tax incentives, offering a unified platform for domestic and foreign participants.

IFSC also stands for Indian Financial System Code, an 11-character alphanumeric code used to identify bank branches for electronic funds transfers such as NEFT, RTGS, and IMPS. The first four characters denote the bank, the fifth is a zero, and the last six identify the specific branch; codes are issued by the Reserve Bank of India.

In sport, IFSC stands for International Federation of Sport Climbing, the international governing body for sport climbing. It oversees international competitions, including World Championships and World Cup events, and is recognized by the International Olympic Committee. The federation governs disciplines such as lead, bouldering, and speed, and has played a central role in the sport’s Olympic inclusion.