IFSC Code, MICR Codes for STATE BANK OF INDIA in KARNATAKA - DAKSHINA KANNADA - MANGALORE - LAL BAGH

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


IFSC Code

SBIN0004928

MICR Code

575002008

Branch

LAL BAGH

Contact

0

Address

PBNO.729 SREE KRISHNA PRASAD COMPLEXMAHATMA GANDHI ROAD LALBAUG MANGALOREPIN - 575001

City

MANGALORE

District

DAKSHINA KANNADA

State

KARNATAKA





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

SBIN0004928

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.