IFSC Code, MICR Codes for STATE BANK OF INDIA in KARNATAKA - BANGALORE - BANGALORE - SAINAGAR

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


IFSC Code

SBIN0018233

MICR Code

WAITING

Branch

SAINAGAR

Contact

9480841457

Address

D101E101SARAVANATRANQULHEIGHTSHESARAGHATTAROADBANGALOREKARNATAKA560097

City

BANGALORE

District

BANGALORE

State

KARNATAKA





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

SBIN0018233

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.