IFSC Code, MICR Codes for STATE BANK OF INDIA in KARNATAKA - DAVANAGARE - DAVANGERE - DAVANGERE

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


IFSC Code

SBIN0005624

MICR Code

577002902

Branch

DAVANGERE

Contact

0

Address

NO 44 BSC AVENUE AK KAMAHADEVI ROAD PJ EXT DAVANGERE KARNATAKA 577002

City

DAVANGERE

District

DAVANAGARE

State

KARNATAKA





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

SBIN0005624

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.