IFSC Code, MICR Codes for STATE BANK OF INDIA in KERALA - PALAKKAD - MALAPPURAM - MALAPPURAM

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


IFSC Code

SBIN0008659

MICR Code

676002006

Branch

MALAPPURAM

Contact

0

Address

18 BY 521ORIENT COMM COMPLEXDOWNHILLMALAPPURAMKERALAPIN 676519

City

MALAPPURAM

District

PALAKKAD

State

KERALA





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

SBIN0008659

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.