IFSC Code, MICR Codes for STATE BANK OF MYSORE in KARNATAKA - BANGALORE RURAL - DEVANAHALLY - BUDIGERE

STATE BANK OF MYSORE RTGS HO Branch in DEVANAHALLY - Address, IFSC, MICR Code


IFSC Code

SBMY0040980

MICR Code

560006167

Branch

BUDIGERE

Contact

9379738160

Address

VIJAYAPURA ROAD NEAR BUDIGERE BUS STAND

City

DEVANAHALLY

District

BANGALORE RURAL

State

KARNATAKA





What is IFSC Code of STATE BANK OF MYSORE situated at BUDIGERE- RTGS-HO?
IFSC Code of STATE BANK OF MYSORE situated at BUDIGERE - RTGS-HO is

SBMY0040980

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.