IFSC Code, MICR Codes for STATE BANK OF INDIA in TAMIL NADU - COIMBATORE - SALEM - SURAMANGALAM

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


IFSC Code

SBIN0010501

MICR Code

636002012

Branch

SURAMANGALAM

Contact

0

Address

5 BY 315 DEVI CHIT FUND COMPLEXJUNCTION MAIN ROADSALEMTAMIL NADU 636004

City

SALEM

District

COIMBATORE

State

TAMIL NADU





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

SBIN0010501

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.