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

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


IFSC Code

SBIN0002270

MICR Code

625002270

Branch

SHOLAVANDAN

Contact

0

Address

43 NORTH CAR STREET DISTT. MADURAI TAMIL NADU 625214

City

SHOLAVANDAN

District

MADURAI

State

TAMIL NADU





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

SBIN0002270

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.