IFSC Code, MICR Codes for STATE BANK OF INDIA in TAMIL NADU - ERODE - ERODE - KARUNGALPALAYAM

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


IFSC Code

SBIN0016520

MICR Code

NA

Branch

KARUNGALPALAYAM

Contact

0

Address

D NO. 46/147 MEENAKSHI SUNDARAM STREET THIRU NAGAR COLONY ERODE DISTT. ERODE. TAMIL NADU 638003

City

ERODE

District

ERODE

State

TAMIL NADU





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

SBIN0016520

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.