IFSC Code, MICR Codes for STATE BANK OF INDIA in MAHARASHTRA - MUMBAI - MUMBAI - MERC ACQUIRING BUSINESS VERTICAL

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


IFSC Code

SBIN0016899

MICR Code

WAITING

Branch

MERC ACQUIRING BUSINESS VERTICAL

Contact

22185563

Address

CORPORATE CENTRESHOP NO.35THE ARCADEWTCCUFFE PARADEMUMBAI 400005

City

MUMBAI

District

MUMBAI

State

MAHARASHTRA





What is IFSC Code of STATE BANK OF INDIA situated at MERC ACQUIRING BUSINESS VERTICAL- RTGS-HO?
IFSC Code of STATE BANK OF INDIA situated at MERC ACQUIRING BUSINESS VERTICAL - RTGS-HO is

SBIN0016899

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.