IFSC Code, MICR Codes for STATE BANK OF INDIA in ANDHRA PRADESH - VISAKHAPATNAM - NAKKAPALLE - NAKKAPALLE

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


IFSC Code

SBIN0014507

MICR Code

NA

Branch

NAKKAPALLE

Contact

0

Address

D. NO. 820 NEAR BUS STAND NAKKAPALLE VISAKHAPATNAM DISTRICT ANDHRA PRADESH531 081

City

NAKKAPALLE

District

VISAKHAPATNAM

State

ANDHRA PRADESH





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

SBIN0014507

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.