Latest details of Ifsc: Sbin0063429
STATE BANK OF INDIA
Branch name : R AND DB RACC NIRMAL
Contact Information
Address: 7-3-23-1, MSME NIRMAL 20125 BRANCH PREMISES, OPP JUNIOR COLLEGE, MAIN ROAD, NIRMAL, TS - 504106
Contact number: 9848124000
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.
