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 Ville Parlie West, Mumbai Greater Bombay Branch IFSC/MICR Code Details
Bank Name STATE BANK OF INDIA
Address IRLA ROAD, KHADI AND VILLAGE INDUSTRIES COMMISSION PREMISES MUMBAI, MAHARASHTRA 400056
State MAHARASHTRA
District GREATER BOMBAY
Branch VILLE PARLIE WEST, MUMBAI
IFSC Code SBIN0000515
Branch Code 000515 (Last six characters of IFSC code represent Branch code.)
MICR Code 400002083
Contact Phone 0
via https://bankingzone.in/ifsc

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