IFSC Code, MICR Codes for STATE BANK OF INDIA in ANDHRA PRADESH - KURNOOL - VELGODU - VELPANUR

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


IFSC Code

SBIN0008494

MICR Code

518002533

Branch

VELPANUR

Contact

0

Address

DIST KURNOOL A P 518535

City

VELGODU

District

KURNOOL

State

ANDHRA PRADESH





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

SBIN0008494

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.