IFSC Code, MICR Codes for STATE BANK OF INDIA in ANDHRA PRADESH - PRAKASAM - KANDUKUR - KANDUKUR

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


IFSC Code

SBIN0000854

MICR Code

523002007

Branch

KANDUKUR

Contact

0

Address

DISTPRAKASAM ANDHRA PRADESH 523105

City

KANDUKUR

District

PRAKASAM

State

ANDHRA PRADESH





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

SBIN0000854

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.