IFSC Code, MICR Codes for STATE BANK OF INDIA in TAMIL NADU - CHENNAI - CHENNAI - CITY RECOVERY CENTRE

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


IFSC Code

SBIN0005170

MICR Code

600002998

Branch

CITY RECOVERY CENTRE

Contact

0

Address

NO.374 ANNA SALAIREASURY BRANCH3RD FLOORTHOUSAND LIGHTS CHENNAI

City

CHENNAI

District

CHENNAI

State

TAMIL NADU





What is IFSC Code of STATE BANK OF INDIA situated at CITY RECOVERY CENTRE- RTGS-HO?
IFSC Code of STATE BANK OF INDIA situated at CITY RECOVERY CENTRE - RTGS-HO is

SBIN0005170

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.