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 Nehru Palace New Delhi Branch IFSC/MICR Code Details
Bank Name STATE BANK OF INDIA
Address 40 41 BAKSHI HOUSE NEHRU PLACE NEW DELHI DELHI 110019
State DELHI
District NEW DELHI
Branch NEHRU PALACE
IFSC Code SBIN0004688
Branch Code 004688 (Last six characters of IFSC code represent Branch code.)
MICR Code 110002086
Contact Phone 0
via https://bankingzone.in/ifsc

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