IFSC Code, MICR Codes for STATE BANK OF INDIA in KARNATAKA - HASSAN - CHANNARAYAPATNA - CHANNARAYA PATNA

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


IFSC Code

SBIN0007911

MICR Code

573001116

Branch

CHANNARAYA PATNA

Contact

0

Address

RANGANATH SHETTY BLDGBEHIND YOGESH PETROL BUNKBM RDCHANNARAYAPATNA 573116

City

CHANNARAYAPATNA

District

HASSAN

State

KARNATAKA





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

SBIN0007911

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.