IFSC Code, MICR Codes for STATE BANK OF INDIA in ANDHRA PRADESH - EAST GODAVARI - MANDAPETA - MANDAPETA

STATE BANK OF INDIA RTGS HO Branch in MANDAPETA - Address, IFSC, MICR Code


IFSC Code

SBIN0000996

MICR Code

533002106

Branch

MANDAPETA

Contact

0

Address

MAIN ROAD EG DISTTEAST GODAVARI ANDHRA PRADESH 533308

City

MANDAPETA

District

EAST GODAVARI

State

ANDHRA PRADESH





What is IFSC Code of STATE BANK OF INDIA situated at MANDAPETA- RTGS-HO?
IFSC Code of STATE BANK OF INDIA situated at MANDAPETA - RTGS-HO is

SBIN0000996

What is the meaning of IFSC Code, MICR Codes in Banking industry?
IFSC or Indian Financial System Code is the code allocated to all banks branches. Bank branches use this code to participate in RTGS and NEFT transactions.

What is the significance of IFSC Code and how we can use it?
IFSC Code is a 11 digit code and we can use this code to communicate between different branches of different banks. Upon receiving the request for fund transfer it is easy for a bank to identify the payee branch. First four characters are code of bank, last six digits are branch code and fifth character is left 0, for any future use.