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 Mumbai Nariman Point Branch Great Bombay Branch IFSC/MICR Code Details
Bank Name STATE BANK OF INDIA
Address OFFICE NO. 21, 2ND FLOOR, MAKER CHEMBERSIII, NARIMAN POINT, MUMBAI400021
State MAHARASHTRA
District GREAT BOMBAY
Branch MUMBAI NARIMAN POINT BRANCH
IFSC Code SBIN0032604
Branch Code 032604 (Last six characters of IFSC code represent Branch code.)
MICR Code WAITING
Contact Phone 0
via https://bankingzone.in/ifsc

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