IFSC Code, MICR Codes for STATE BANK OF INDIA in TELANGANA - MAHBUBNAGAR - MAHBUBNAGAR - RAMALAYAM STREET NEW TOWN

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


IFSC Code

SBIN0018315

MICR Code

WAITING

Branch

RAMALAYAM STREET NEW TOWN

Contact

9440233169

Address

NEWTOWNMAHABUBNAGARDISTT.MAHABUBNAGAR.ANDHRAPRADESH509001

City

MAHBUBNAGAR

District

MAHBUBNAGAR

State

TELANGANA





What is IFSC Code of STATE BANK OF INDIA situated at RAMALAYAM STREET NEW TOWN- RTGS-HO?
IFSC Code of STATE BANK OF INDIA situated at RAMALAYAM STREET NEW TOWN - RTGS-HO is

SBIN0018315

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.