IFSC Code, MICR Codes for STATE BANK OF INDIA in TELANGANA - MEDAK - MEDAK - IDA BOLARUM

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


IFSC Code

SBIN0018062

MICR Code

WAITING

Branch

IDA BOLARUM

Contact

8143439922

Address

PLOTNO56 OPPOSITE GANESH WEIGH BRIDGE IDA BOLARUM JINNRAM MANDAL MEDAK ANDHRA PRADESH502325

City

MEDAK

District

MEDAK

State

TELANGANA





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

SBIN0018062

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.