IFSC Code, MICR Codes for STATE BANK OF INDIA in MAHARASHTRA - GREATER BOMBAY - MUMBAI - PALM BEACH ROAD NERUL

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


IFSC Code

SBIN0005088

MICR Code

400002160

Branch

PALM BEACH ROAD NERUL

Contact

0

Address

FF 1 ANDFF 2 NEIGHBORHOOD SHOPPING COMPLEX SECTOR 4 NERUL DISTT THANE MAHARASHTRA 400706

City

MUMBAI

District

GREATER BOMBAY

State

MAHARASHTRA





What is IFSC Code of STATE BANK OF INDIA situated at PALM BEACH ROAD NERUL- RTGS-HO?
IFSC Code of STATE BANK OF INDIA situated at PALM BEACH ROAD NERUL - RTGS-HO is

SBIN0005088

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.