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 Tilak Nagar Br., Chembur Greater Bombay Branch IFSC/MICR Code Details
Bank Name STATE BANK OF INDIA
Address SUYOGI CHS LTD,SHOP NO 1,2,3,4 AND 5,BLDG NO 31,TILAK NAGAR CHEMBUR,MUMBAI400089
State MAHARASHTRA
District GREATER BOMBAY
Branch TILAK NAGAR BR., CHEMBUR
IFSC Code SBIN0011670
Branch Code 011670 (Last six characters of IFSC code represent Branch code.)
MICR Code 400002184
Contact Phone 0
via https://bankingzone.in/ifsc

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