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 Tallapalem Junction Vishakapatnam Branch IFSC/MICR Code Details
Bank Name STATE BANK OF INDIA
Address D NO 2 106, OPP. DEVI PRASAD PETROL BUNK, TALLAPALEM POST, KASIMKOTA MANDAL, DIST VISAKHAPATNAM, ANDHRA PRADESH 531031
State ANDHRA PRADESH
District VISHAKAPATNAM
Branch TALLAPALEM JUNCTION
IFSC Code SBIN0016971
Branch Code 016971 (Last six characters of IFSC code represent Branch code.)
MICR Code NA
Contact Phone 0
via https://bankingzone.in/ifsc

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