IFSC Code, MICR Codes for STATE BANK OF INDIA in ANDHRA PRADESH - MEHBOOBNAGAR - VELDANDA - VELDANDA

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


IFSC Code

SBIN0006109

MICR Code

509002360

Branch

VELDANDA

Contact

0

Address

KALWAKURTHY TALUQ DISTT MAHBUBNAGAR ANDHRA PRADESH 509360

City

VELDANDA

District

MEHBOOBNAGAR

State

ANDHRA PRADESH





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

SBIN0006109

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.