IFSC Code, MICR Codes for STATE BANK OF MYSORE in KARNATAKA - BANGALORE URBAN - BASAVAKALYAN - BASAVAKALYAN

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


IFSC Code

SBMY0040821

MICR Code

NA

Branch

BASAVAKALYAN

Contact

0

Address

CMC NO 30 259 BY 261 BY 261 BY 1N SY NO 4 BY 7BASAVAKALYAN 585327 BIDAR DIST KARNATAKA

City

BASAVAKALYAN

District

BANGALORE URBAN

State

KARNATAKA





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

SBMY0040821

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.