IFSC Code, MICR Codes for STATE BANK OF INDIA in HARYANA - GURGAON - GURGAON - STATE BANK ACADEMY

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


IFSC Code

SBIN0007705

MICR Code

124002999

Branch

STATE BANK ACADEMY

Contact

0

Address

PLOT 77 SECTOR 18 GURGAON

City

GURGAON

District

GURGAON

State

HARYANA





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

SBIN0007705

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.