IFSC Code, MICR Codes for STATE BANK OF INDIA in ANDHRA PRADESH - VISHAKAPATNAM - VISAKHAPATNAM - TALLAPALEM JUNCTION

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


IFSC Code

SBIN0016971

MICR Code

NA

Branch

TALLAPALEM JUNCTION

Contact

0

Address

D NO 2 106 OPP. DEVI PRASAD PETROL BUNK TALLAPALEM POST KASIMKOTA MANDAL DIST VISAKHAPATNAM ANDHRA PRADESH 531031

City

VISAKHAPATNAM

District

VISHAKAPATNAM

State

ANDHRA PRADESH





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

SBIN0016971

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.