IFSC Code, MICR Codes for STATE BANK OF INDIA in GUJARAT - SURAT - MADHI - MADHI

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


IFSC Code

SBIN0013425

MICR Code

NA

Branch

MADHI

Contact

0

Address

MADHIDISTSURAT394240

City

MADHI

District

SURAT

State

GUJARAT





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

SBIN0013425

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.