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

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


IFSC Code

SBIN0018257

MICR Code

WAITING

Branch

MARKET STREET SAMALKOT

Contact

9441812736

Address

PITHAPURAMROADSAMALKOTDISTT.EASTGODAVARI.ANDHRAPRADESH533440

City

SAMALKOT

District

EAST GODAVARI

State

ANDHRA PRADESH





What is IFSC Code of STATE BANK OF INDIA situated at MARKET STREET SAMALKOT- RTGS-HO?
IFSC Code of STATE BANK OF INDIA situated at MARKET STREET SAMALKOT - RTGS-HO is

SBIN0018257

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.