IFSC Code, MICR Codes for STATE BANK OF INDIA in ANDHRA PRADESH - GUNTUR - GUNTUR - GUNTUR BAZAR

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


IFSC Code

SBIN0001457

MICR Code

520002105

Branch

GUNTUR BAZAR

Contact

0

Address

GUNTUR ANDHRA PRADESH PIN-522003

City

GUNTUR

District

GUNTUR

State

ANDHRA PRADESH





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

SBIN0001457

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.