IFSC Code, MICR Codes for STATE BANK OF INDIA in KARNATAKA - DAKSHINA KANNADA - MOODBIDRI - MOODBIDRI

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


IFSC Code

SBIN0005623

MICR Code

575002021

Branch

MOODBIDRI

Contact

0

Address

PB NO 4 4 MAIN RD MOODBIDRI KARKALA DAKSHINA KANNADA KARNATAKA

City

MOODBIDRI

District

DAKSHINA KANNADA

State

KARNATAKA





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

SBIN0005623

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.