IFSC Code, MICR Codes for STATE BANK OF INDIA in TAMIL NADU - NAMAKKAL - VENNENDUR - VENNANDUR

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


IFSC Code

SBIN0002286

MICR Code

637002031

Branch

VENNANDUR

Contact

0

Address

RASIPURAM MAIN ROAD DISTT NAMAKKAL TAMIL NADU 637505

City

VENNENDUR

District

NAMAKKAL

State

TAMIL NADU





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

SBIN0002286

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.