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

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


IFSC Code

SBMY0040541

MICR Code

NA

Branch

VELANDIPALAYAM

Contact

0

Address

VELANDIPALAYAMCOIMBATORETAMIL NADUCOIMBATORE 641 038

City

COIMBATORE

District

COIMBOTORE

State

TAMIL NADU





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

SBMY0040541

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.