IFSC Code, MICR Codes for STATE BANK OF INDIA in KARNATAKA - BANGALORE URBAN - BANGALORE - MEG & CENTREB'LORE

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


IFSC Code

SBIN0005931

MICR Code

560002032

Branch

MEG & CENTREB'LORE

Contact

0

Address

POST BOX NO.4222SHIVAMCHETTY GARDEN POSTBANGALOREPIN 560042

City

BANGALORE

District

BANGALORE URBAN

State

KARNATAKA





What is IFSC Code of STATE BANK OF INDIA situated at MEG & CENTREB'LORE- RTGS-HO?
IFSC Code of STATE BANK OF INDIA situated at MEG & CENTREB'LORE - RTGS-HO is

SBIN0005931

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.