IFSC Code, MICR Codes for STATE BANK OF INDIA in MAHARASHTRA - WARDHA - ARVI - ARVI

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


IFSC Code

SBIN0000316

MICR Code

442002561

Branch

ARVI

Contact

0

Address

DIST WARDHA MAHARASHTRA 442201

City

ARVI

District

WARDHA

State

MAHARASHTRA





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

SBIN0000316

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.