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 Greater Kailash-i New Delhi Branch IFSC/MICR Code Details
Bank Name STATE BANK OF INDIA
Address GREATER KAILASH,PART I, NEW DELHI 110 048
State DELHI
District NEW DELHI
Branch GREATER KAILASH-I
IFSC Code SBIN0001078
Branch Code 001078 (Last six characters of IFSC code represent Branch code.)
MICR Code 110002042
Contact Phone 0
via https://bankingzone.in/ifsc

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