IFSC Code, MICR Codes for STATE BANK OF MYSORE in KARNATAKA - SHIMOGA - SORABA - SORABA

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


IFSC Code

SBMY0040141

MICR Code

NA

Branch

SORABA

Contact

0

Address

SORABASHIMOGAKARNATAKA 577 429

City

SORABA

District

SHIMOGA

State

KARNATAKA





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

SBMY0040141

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.