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

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


IFSC Code

SBIN0005649

MICR Code

502002249

Branch

NARSINGI

Contact

0

Address

CHEGUNTA MANDAL T MEDAK A P 502248

City

NARSINGI

District

MEDAK

State

ANDHRA PRADESH





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

SBIN0005649

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.