IFSC Code, MICR Codes for STATE BANK OF INDIA in PUDUCHERRY - PONDICHERRY - KARAIKAL - KARAIKAL

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


IFSC Code

SBIN0001418

MICR Code

609002101

Branch

KARAIKAL

Contact

0

Address

72 BHARATHIAR RD. KARAIKAL-609602 PONDICHERRY

City

KARAIKAL

District

PONDICHERRY

State

PUDUCHERRY





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

SBIN0001418

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.