IFSC Code, MICR Codes for STATE BANK OF INDIA in MAHARASHTRA - RAIGAD - MAHAD - MIDC IND.AREA MAHAD

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


IFSC Code

SBIN0007795

MICR Code

402002922

Branch

MIDC IND.AREA MAHAD

Contact

0

Address

NANGALWADI FATA MIDC TAL MAHAD DISTT. RAIGAD MAHARASHTRA 402309

City

MAHAD

District

RAIGAD

State

MAHARASHTRA





What is IFSC Code of STATE BANK OF INDIA situated at MIDC IND.AREA MAHAD- RTGS-HO?
IFSC Code of STATE BANK OF INDIA situated at MIDC IND.AREA MAHAD - RTGS-HO is

SBIN0007795

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.