IFSC Code, MICR Codes for STATE BANK OF INDIA in MAHARASHTRA - AKOLA - AKOLA - ADB AKOLA

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


IFSC Code

SBIN0006996

MICR Code

444002047

Branch

ADB AKOLA

Contact

0

Address

AKOLA MAHARASHTRA PIN 444005

City

AKOLA

District

AKOLA

State

MAHARASHTRA





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

SBIN0006996

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.