IFSC Code, MICR Codes for STATE BANK OF INDIA in KARNATAKA - MADIKERI - SOMWARPET - SOMWARPET

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


IFSC Code

SBIN0011261

MICR Code

571002252

Branch

SOMWARPET

Contact

0

Address

SOMWARPETJ24THYAGARAJ ROADSOMWARPETDISTKODAGU571236

City

SOMWARPET

District

MADIKERI

State

KARNATAKA





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

SBIN0011261

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.