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

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


IFSC Code

SBIN0005881

MICR Code

502002004

Branch

SIDDIPET ADB

Contact

0

Address

NEAR OLD BUST STAND DISTT MEDAK ANDHRA PRADESH 502103

City

SIDDIPET

District

MEDAK

State

ANDHRA PRADESH





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

SBIN0005881

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.