IFSC Code, MICR Codes for STATE BANK OF INDIA in GOA - NORTH GOA - BORIM - BORIM SHIRODA

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


IFSC Code

SBIN0005853

MICR Code

403002013

Branch

BORIM SHIRODA

Contact

0

Address

PONDA TALUKA DISTT NORTH GOA GOA 403401

City

BORIM

District

NORTH GOA

State

GOA





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

SBIN0005853

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.