IFSC Code, MICR Codes for STATE BANK OF INDIA in GOA - NORTH GOA - VEREM - REIS MAGOS VEREM

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


IFSC Code

SBIN0005398

MICR Code

403002043

Branch

REIS MAGOS VEREM

Contact

0

Address

VEREM BARDEZ DISTT. NORTH GOA GOA 403114

City

VEREM

District

NORTH GOA

State

GOA





What is IFSC Code of STATE BANK OF INDIA situated at REIS MAGOS VEREM- RTGS-HO?
IFSC Code of STATE BANK OF INDIA situated at REIS MAGOS VEREM - RTGS-HO is

SBIN0005398

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.