IFSC Code, MICR Codes for STATE BANK OF INDIA in KARNATAKA - HAVERI - SHIGGAON - SHIGGAON

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


IFSC Code

SBIN0011274

MICR Code

581002205

Branch

SHIGGAON

Contact

0

Address

NEAR BUS STANDHAVERI DISTT KARNATAKA 581 205

City

SHIGGAON

District

HAVERI

State

KARNATAKA





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

SBIN0011274

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.