IFSC Code, MICR Codes for STATE BANK OF INDIA in TAMIL NADU - SALEM - RAMAMOORTHY - RAMAMOORTHY NAGAR

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


IFSC Code

SBIN0007598

MICR Code

636002089

Branch

RAMAMOORTHY NAGAR

Contact

0

Address

RAJA STREETOMALUR TALUK

City

RAMAMOORTHY

District

SALEM

State

TAMIL NADU





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

SBIN0007598

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.