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

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


IFSC Code

SBIN0005629

MICR Code

638002101

Branch

KANDASAMYPALAYAM

Contact

0

Address

DISTRICT ERODE VIA SIVAGIRI TAMIL NADU 638109

City

KANDASAMYPALAYA

District

ERODE

State

TAMIL NADU





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

SBIN0005629

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.