IFSC Code, MICR Codes for STATE BANK OF MYSORE in KARNATAKA - CHAMRAJNAGAR - KOLLEGAL - KOLLEGAL

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


IFSC Code

SBMY0040065

MICR Code

NA

Branch

KOLLEGAL

Contact

0

Address

KOLLEGALCHAMARAJANAGARKARNATAKA 571 440

City

KOLLEGAL

District

CHAMRAJNAGAR

State

KARNATAKA





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

SBMY0040065

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.