IFSC Code, MICR Codes for STATE BANK OF INDIA in MAHARASHTRA - SATARA - WAI - WAI

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


IFSC Code

SBIN0000536

MICR Code

412002888

Branch

WAI

Contact

0

Address

GANPATI ALI WAI SATARA

City

WAI

District

SATARA

State

MAHARASHTRA





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

SBIN0000536

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.