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

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


IFSC Code

SBIN0002808

MICR Code

534002048

Branch

VELPUR

Contact

0

Address

TANUKU MANDAL T WEST GODAVARI ANDHRA PRADESH 534222

City

VELPUR

District

WEST GODAVARI

State

ANDHRA PRADESH





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

SBIN0002808

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.