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

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


IFSC Code

SBIN0004272

MICR Code

638002010

Branch

VELLAKOIL

Contact

0

Address

138A TRICHY ROAD DISTT. ERODE TAMIL NADU 638111

City

VELLAKOVIL

District

ERODE

State

TAMIL NADU





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

SBIN0004272

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.