Latest details of Ifsc: Sbin0018558
STATE BANK OF INDIA
Branch name : KOMMADI, VISAKHAPATNAM
Contact Information
Address: GCC LAYOUT,KOMMADI RD, MADHURAWADA, VISAKHAPATNAM,ANDHRA PRADESH- 530048
Contact number: 9705010402
Bank Details
IFSC code can be used for RTGS, IMPS and NEFT transactions
Last six characters of IFSC Code make a Branch code.
IFSC Code
Indian Financial System Code (IFSC) is an 11-character code used for electronic payments through RTGS, NEFT, and IMPS. The code structure:
- • First 4 characters: Bank identifier
- • 5th character: Reserved (0)
- • Last 6 characters: Branch code
MICR Code
MICR (Magnetic Ink Character Recognition) code is printed on cheques to facilitate automated processing. This code helps identify the bank and branch during cheque clearing processes.
These codes are essential for secure and accurate electronic fund transfers within the Indian banking system.
