What is an IFSC code?


Indian Financial System Code (IFSC). It is used for electronic payment applications like Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT), Immediate Payment Service, an interbank electronic instant mobile money transfer service (IMPS), and Centralised Funds Management System (CFMS) developed by Reserve Bank of India (RBI). The code has eleven characters "Alpha Numeric" in nature. First four characters represent bank, fifth character is default "0" left for future use and last six characters represent branch.

What is a MICR code?
MICR Code: Magnetic Ink Character Recognition as printed on cheque book to facilitate the processing of cheques.

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Idbi Bank State Transport Bank Satara Satara Branch IFSC/MICR Code Details
Bank Name IDBI BANK
Address NEAR S T STAND,1ST FLOOR,SATARA415001
State MAHARASHTRA
District SATARA
Branch STATE TRANSPORT BANK SATARA
IFSC Code IBKL0617S23
Branch Code 617S23 (Last six characters of IFSC code represent Branch code.)
MICR Code 415390001
Contact Phone 237179
via https://bankingzone.in/ifsc

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