IFSC Code, MICR Codes for STATE BANK OF INDIA in MAHARASHTRA - GREATER BOMBAY - PAWAI - IIT POWAI

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


IFSC Code

SBIN0001109

MICR Code

400002034

Branch

IIT POWAI

Contact

0

Address

IIT PAWAIMUMBAI

City

PAWAI

District

GREATER BOMBAY

State

MAHARASHTRA





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

SBIN0001109

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.