IFSC Code, MICR Codes for STATE BANK OF INDIA in TAMIL NADU - KANCHEEPURAN - CHENNAI - PALLIKARANAI

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


IFSC Code

SBIN0016558

MICR Code

NA

Branch

PALLIKARANAI

Contact

0

Address

PLOT NO 6 VGP RAJESH NAGAR PALLIKARANAI DISTT.KANCHEEPURAM. TAMIL NADU 600100

City

CHENNAI

District

KANCHEEPURAN

State

TAMIL NADU





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

SBIN0016558

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.