IFSC Code, MICR Codes for STATE BANK OF INDIA in MAHARASHTRA - YAVATMAL - BABHULGAON - BABULGAON

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


IFSC Code

SBIN0003799

MICR Code

445002716

Branch

BABULGAON

Contact

0

Address

YAVATMAL MAHARASHTRA 445101

City

BABHULGAON

District

YAVATMAL

State

MAHARASHTRA





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

SBIN0003799

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.