IFSC Code, MICR Codes for STATE BANK OF INDIA in ANDHRA PRADESH - KRISHNA - MACHIL - MACHILIPATNAM BAZAR MACHILIPATNAM

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


IFSC Code

SBIN0001596

MICR Code

521002002

Branch

MACHILIPATNAM BAZAR MACHILIPATNAM

Contact

0

Address

D NO 25 BY 300 KENNEDY ROADBUTTAAYAPETA MACHIL DIST KRISHNA ANDHRA PRADESH 521001

City

MACHIL

District

KRISHNA

State

ANDHRA PRADESH





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

SBIN0001596

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.