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 Trade Finanance Central Processing Cell New Delhi Branch IFSC/MICR Code Details
Bank Name STATE BANK OF INDIA
Address 8TH FLOOR, C- BLOCKNEW DELHI MAIN BRANCH11, SANSAD MARG
State DELHI
District NEW DELHI
Branch TRADE FINANANCE CENTRAL PROCESSING CELL
IFSC Code SBIN0005051
Branch Code 005051 (Last six characters of IFSC code represent Branch code.)
MICR Code 110002421
Contact Phone 0
via https://bankingzone.in/ifsc

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