IFSC Code, MICR Codes for STATE BANK OF MYSORE in TAMIL NADU - COIMBOTORE - AVINASHI - AVINASHI

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


IFSC Code

SBMY0040551

MICR Code

NA

Branch

AVINASHI

Contact

0

Address

POST OFFICE MAIN RDAVINASHI

City

AVINASHI

District

COIMBOTORE

State

TAMIL NADU





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

SBMY0040551

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.