IFSC Code, MICR Codes for STATE BANK OF INDIA in ANDHRA PRADESH - KARIMNAGAR - VEMULAWADA - VEMULAWADA

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


IFSC Code

SBIN0017241

MICR Code

WAITING

Branch

VEMULAWADA

Contact

9652612321

Address

8583CKORATLA BUS STAND ROADNEAR MARKET YARDVEMULAWADA DISTT.KARIMNAGAR. ANDHRA PRADESH505302

City

VEMULAWADA

District

KARIMNAGAR

State

ANDHRA PRADESH





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

SBIN0017241

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.