IFSC Code, MICR Codes for STATE BANK OF MYSORE in KARNATAKA - MYSORE - KRISHNARAJANAGAR - GANDHANAHALLI

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


IFSC Code

SBMY0041051

MICR Code

571006620

Branch

GANDHANAHALLI

Contact

8223282222

Address

NO 782 3RD BLOCK GANDHANAHALLI POST HOSA AGRAHARA HOBLI

City

KRISHNARAJANAGAR

District

MYSORE

State

KARNATAKA





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

SBMY0041051

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.