IFSC Code, MICR Codes for CORPORATION BANK in TAMIL NADU - SALEM - SALEM - SALEM TOWN

CORPORATION BANK RTGS HO Branch in SALEM - Address, IFSC, MICR Code


IFSC Code

CORP0000029

MICR Code

636017003

Branch

SALEM TOWN

Contact

2260576

Address

CORPORATION BANK BLDG 48 CAR ST SALEM 636001

City

SALEM

District

SALEM

State

TAMIL NADU





What is IFSC Code of CORPORATION BANK situated at SALEM TOWN- RTGS-HO?
IFSC Code of CORPORATION BANK situated at SALEM TOWN - RTGS-HO is

CORP0000029

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.