IFSC Code, MICR Codes for STATE BANK OF INDIA in TAMIL NADU - CUDDALORE - NEYVELI - NEYVELI BAZAR

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


IFSC Code

SBIN0002242

MICR Code

607002006

Branch

NEYVELI BAZAR

Contact

0

Address

50 KAMRAJ ROAD NEYVELI CUDDALORE TAMILNADU PIN 607803

City

NEYVELI

District

CUDDALORE

State

TAMIL NADU





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

SBIN0002242

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.