IFSC Code, MICR Codes for STATE BANK OF INDIA in ANDHRA PRADESH - WEST GODAVARI - HYDERABAD - VATLURU

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


IFSC Code

SBIN0006980

MICR Code

534002047

Branch

VATLURU

Contact

0

Address

VATLURU ELURU MANDAL WEST GODAVARI AP 534006

City

HYDERABAD

District

WEST GODAVARI

State

ANDHRA PRADESH





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

SBIN0006980

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.