IFSC Code, MICR Codes for STATE BANK OF INDIA in KARNATAKA - RAMANAGARAM - MAGADI - MAGADI

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


IFSC Code

SBIN0013396

MICR Code

562002501

Branch

MAGADI

Contact

0

Address

SRI VASAVI TEXTILESOPP BUSSTANDMAGADI TOWNRAMANAGARAM DISTDIST RAMANAGARAM562120

City

MAGADI

District

RAMANAGARAM

State

KARNATAKA





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

SBIN0013396

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.