IFSC Code, MICR Codes for STATE BANK OF INDIA in MAHARASHTRA - YAVATMAL - YAVATMAL - MAIN LINE YAVATMAL

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


IFSC Code

SBIN0017870

MICR Code

WAITING

Branch

MAIN LINE YAVATMAL

Contact

9922666530

Address

SADAR CKOWK MAIN LINE YAVATMAL DISTT YAVATMAL MAHARASHTRA445001

City

YAVATMAL

District

YAVATMAL

State

MAHARASHTRA





What is IFSC Code of STATE BANK OF INDIA situated at MAIN LINE YAVATMAL- RTGS-HO?
IFSC Code of STATE BANK OF INDIA situated at MAIN LINE YAVATMAL - RTGS-HO is

SBIN0017870

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.