IFSC Code, MICR Codes for STATE BANK OF INDIA in NAGALAND - NAGALAND - MON - MON BAZAR BRANCH

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


IFSC Code

SBIN0017216

MICR Code

WAITING

Branch

MON BAZAR BRANCH

Contact

9435336549

Address

SHAMNYU WARD MONMON TOWNPO MONDISTT.MON.NAGALAND 798621

City

MON

District

NAGALAND

State

NAGALAND





What is IFSC Code of STATE BANK OF INDIA situated at MON BAZAR BRANCH- RTGS-HO?
IFSC Code of STATE BANK OF INDIA situated at MON BAZAR BRANCH - RTGS-HO is

SBIN0017216

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.