IFSC Code, MICR Codes for STATE BANK OF INDIA in TAMIL NADU - CHENNAI - CHENNAI - VEPERY CHENNAI

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


IFSC Code

SBIN0007107

MICR Code

600002057

Branch

VEPERY CHENNAI

Contact

0

Address

33EVK SAMPATH ROAD CHENNAI VEPERY CITYPIN - 600007

City

CHENNAI

District

CHENNAI

State

TAMIL NADU





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

SBIN0007107

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.