IFSC Code, MICR Codes for STATE BANK OF INDIA in TAMIL NADU - MADURAI - MADURAI - OTHAKADAI MADURAI

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


IFSC Code

SBIN0002246

MICR Code

625002008

Branch

OTHAKADAI MADURAI

Contact

0

Address

3 BY 225-1MELUR MAIN ROAD OTHKADAI DISTMADURAI 625107

City

MADURAI

District

MADURAI

State

TAMIL NADU





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

SBIN0002246

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.