IFSC Code, MICR Codes for STATE BANK OF INDIA in TAMIL NADU - VIRUDHUNAGAR - SIVAKASI - SME BRANCH SIVAKASI

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


IFSC Code

SBIN0018316

MICR Code

WAITING

Branch

SME BRANCH SIVAKASI

Contact

9443327216

Address

SUDAR COMPLEX VELAYUTHAM ROAD SIVAKASI DISTT.VIRUDHUNAGAR. TAMILNADU6 26123

City

SIVAKASI

District

VIRUDHUNAGAR

State

TAMIL NADU





What is IFSC Code of STATE BANK OF INDIA situated at SME BRANCH SIVAKASI- RTGS-HO?
IFSC Code of STATE BANK OF INDIA situated at SME BRANCH SIVAKASI - RTGS-HO is

SBIN0018316

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.