IFSC Code, MICR Codes for STATE BANK OF INDIA in MAHARASHTRA - MUMBAI - BORIVALI - SMECC BORIVALI

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


IFSC Code

SBIN0015521

MICR Code

NA

Branch

SMECC BORIVALI

Contact

0

Address

STATE BANK OF INDIASMECCGROUND FLOOR MTNL EXCHANGE BLGD.DEVIDAS ROAD BORIVALI WEST MUMBAI 400092

City

BORIVALI

District

MUMBAI

State

MAHARASHTRA





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

SBIN0015521

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.