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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State Bank Of India Sarangapur Nizamabad Branch IFSC/MICR Code Details
Bank Name STATE BANK OF INDIA
Address O222OPPCSFIESARAGAPURISTIZAMABA
State ANDHRA PRADESH
District NIZAMABAD
Branch SARANGAPUR
IFSC Code SBIN0020117
Branch Code 020117 (Last six characters of IFSC code represent Branch code.)
MICR Code WAITING
Contact Phone 273146
via https://bankingzone.in/ifsc

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