IFSC Code, MICR Codes for STATE BANK OF INDIA in DELHI - NEW DELHI - DELHI - DEV NAGAR NEW DELHI

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


IFSC Code

SBIN0016201

MICR Code

NA

Branch

DEV NAGAR NEW DELHI

Contact

0

Address

53 BY 1DESH BANDHU GUPTA MARGNEW DELHI 110005

City

DELHI

District

NEW DELHI

State

DELHI





What is IFSC Code of STATE BANK OF INDIA situated at DEV NAGAR NEW DELHI- RTGS-HO?
IFSC Code of STATE BANK OF INDIA situated at DEV NAGAR NEW DELHI - RTGS-HO is

SBIN0016201

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.