IFSC Code, MICR Codes for STATE BANK OF INDIA in GUJARAT - PANCH MAHALS - DEROL - DEROL RLY STATION

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


IFSC Code

SBIN0002642

MICR Code

389002004

Branch

DEROL RLY STATION

Contact

0

Address

DIST PANCH MAHALS GUJARAT 388920

City

DEROL

District

PANCH MAHALS

State

GUJARAT





What is IFSC Code of STATE BANK OF INDIA situated at DEROL RLY STATION- RTGS-HO?
IFSC Code of STATE BANK OF INDIA situated at DEROL RLY STATION - RTGS-HO is

SBIN0002642

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.