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STATE BANK OF INDIA, LOCAL HEAD OFFICE, MUMBAI METRO CIRCLE, MUMBAI, THIRD FLOOR, STATE BANK OF INDIA, SYNERGY BUILDING, C6, G BLOCK, BANDRA KURLA COMPLEX, BANDRA EAST, MUMBAI400051 TENDER ID: MUM20231005
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How to fill out ifsc code of state

01
Locate the IFSC code on your bank's website or any reliable source.
02
The IFSC code is an 11-digit alphanumeric code, consisting of both letters and numbers.
03
The first four characters of the IFSC code represent the bank's name.
04
The fifth character is always zero and is reserved for future use.
05
The last six characters of the IFSC code identify the specific branch of the bank.
06
When filling out the IFSC code, make sure to enter all characters correctly without any spaces or special characters.

Who needs ifsc code of state?

01
Account holders who are initiating interbank fund transfers within India require the IFSC code of the recipient bank's branch.
02
Individuals or businesses who wish to make online payments, such as NEFT, RTGS, or IMPS transactions, need the IFSC code.
03
Bank officials or employees who handle financial transactions and need to verify the authenticity of the IFSC code.
04
Financial institutions, payment gateways, or any entity involved in the electronic transfer of funds necessitate IFSC codes for seamless transactions.
05
Any individual or organization involved in banking or financial activities, including loan disbursals, also requires the IFSC code of the relevant bank branch.
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The IFSC code (Indian Financial System Code) is an alphanumeric code used to uniquely identify a bank branch in India for electronic funds transfer. It consists of 11 characters where the first four represent the bank, the fifth is always '0', and the last six represent the branch.
Bank branches engaged in electronic funds transfer and remittance services are required to file their IFSC codes with the Reserve Bank of India (RBI) and ensure they are accurately represented for customer transactions.
To fill out the IFSC code, enter the 11-character code which includes the bank code followed by '0' and then the unique branch code. Ensure there are no spaces or special characters.
The purpose of the IFSC code is to facilitate electronic fund transfers and ensure that the money reaches the correct bank branch during transactions and remittances.
The IFSC code must report the bank's name, branch code, location, and ensure the accuracy of the services offered by that branch for electronic transactions.
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