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 Ghuma Road, Ahmedabad Ahmedabad Branch IFSC/MICR Code Details
Bank Name STATE BANK OF INDIA
Address BLOCK NO 322 14 BY 15 NEW YORK DARSHAN 1ST FLOOR,OPP INDCTI BOPAL,AHMEDABAD 380058
State GUJARAT
District AHMEDABAD
Branch GHUMA ROAD, AHMEDABAD
IFSC Code SBIN0060408
Branch Code 060408 (Last six characters of IFSC code represent Branch code.)
MICR Code 380002127
Contact Phone 0
via https://bankingzone.in/ifsc

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