IFSC Code, MICR Codes for STATE BANK OF INDIA in ANDHRA PRADESH - MEDAK - MEDAK - ZAHEERABAD

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


IFSC Code

SBIN0007951

MICR Code

502002220

Branch

ZAHEERABAD

Contact

0

Address

MEDAK DT A P PIN 502220

City

MEDAK

District

MEDAK

State

ANDHRA PRADESH





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

SBIN0007951

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.