IFSC Code, MICR Codes for STATE BANK OF INDIA in ANDHRA PRADESH - NELLORE - NELLORE - STONEHOUSEPET NELLORE

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


IFSC Code

SBIN0010101

MICR Code

524002007

Branch

STONEHOUSEPET NELLORE

Contact

0

Address

REBALA VARI STREET STONEHOUSEPETNELLORE

City

NELLORE

District

NELLORE

State

ANDHRA PRADESH





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

SBIN0010101

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.