IFSC Code, MICR Codes for STATE BANK OF INDIA in ANDHRA PRADESH - NIZAMABAD - NIZAMABAD - PITLAM

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


IFSC Code

SBIN0012969

MICR Code

NA

Branch

PITLAM

Contact

0

Address

165 BY 8 MAIN ROADPITLAMNIZAMABAD 503310

City

NIZAMABAD

District

NIZAMABAD

State

ANDHRA PRADESH





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

SBIN0012969

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.