IFSC Code, MICR Codes for STATE BANK OF INDIA in KARNATAKA - BANGALORE RURAL - RAMANAGARAM - MOTAGONDANAHALLI

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


IFSC Code

SBIN0018287

MICR Code

WAITING

Branch

MOTAGONDANAHALLI

Contact

9448909281

Address

MOTAGONDANAHALLI GRAM PANCHAYAT OFFICE MAGADI TALUK SOLUR HOBLI DISTT.RAMANAGAR. KARNATAKA-562127

City

RAMANAGARAM

District

BANGALORE RURAL

State

KARNATAKA





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

SBIN0018287

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.