IFSC Code, MICR Codes for STATE BANK OF INDIA in DAMAN AND DIU - DIU - VANAKBARA - VANAKBARA

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


IFSC Code

SBIN0060205

MICR Code

362002570

Branch

VANAKBARA

Contact

0

Address

GEETA BUILDINGMAIN ROADVANAKBARA 362570 UNION TERRITORY OF DIU

City

VANAKBARA

District

DIU

State

DAMAN AND DIU





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

SBIN0060205

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.