IFSC Code, MICR Codes for STATE BANK OF INDIA in TAMIL NADU - VELLORE - ARCOT - ARCOT

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


IFSC Code

SBIN0002198

MICR Code

632002042

Branch

ARCOT

Contact

0

Address

122 ANNA SALAI DISTT. VELLORE TAMIL NADU 635504

City

ARCOT

District

VELLORE

State

TAMIL NADU





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

SBIN0002198

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.