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

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


IFSC Code

SBIN0003854

MICR Code

403002033

Branch

VELGUEM

Contact

0

Address

TALUKA BICHOLIM DISTT. NORTH GOA GOA-403401

City

VELGUEM

District

NORTH GOA

State

GOA





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

SBIN0003854

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.