IFSC Code, MICR Codes for STATE BANK OF INDIA in MAHARASHTRA - GREATER BOMBAY - MUMBAI - LALBAUG

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


IFSC Code

SBIN0001850

MICR Code

400002046

Branch

LALBAUG

Contact

0

Address

AIRAWAT 75 DR.AMBEDKAR RD. PBNO.7818 LALBAUG MUMBAI-400033MAHARASHTRA PIN 400033

City

MUMBAI

District

GREATER BOMBAY

State

MAHARASHTRA





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

SBIN0001850

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.