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

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


IFSC Code

SBIN0005212

MICR Code

575002230

Branch

RASECC MANGALORE

Contact

0

Address

3RD FLOOR ESSEL TOWER BUNTS HOSTEL CIRCLE MANGLORE

City

MANGLORE

District

DAKSHINA KANNADA

State

KARNATAKA





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

SBIN0005212

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.