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

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


IFSC Code

SBIN0007590

MICR Code

638002039

Branch

OLAGADAM

Contact

0

Address

MAIN ROAD OLAGADAM POST DISTT ERODE TAMIL NADU 638314

City

OLAGADAM

District

ERODE

State

TAMIL NADU





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

SBIN0007590

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.