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 Matunga, Mumbai Greater Bombay Branch IFSC/MICR Code Details
Bank Name STATE BANK OF INDIA
Address GUJRATI KELWANI MANDAL SCHOOL BLD76-A,RAFI AHMED KIDWAI ROAD, ,MATUNGA, MUMBAI ,PIN - 400019
State MAHARASHTRA
District GREATER BOMBAY
Branch MATUNGA, MUMBAI
IFSC Code SBIN0005350
Branch Code 005350 (Last six characters of IFSC code represent Branch code.)
MICR Code 400002056
Contact Phone 0
via https://bankingzone.in/ifsc

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