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 Bharat Diamond Bourse Mumbai Branch IFSC/MICR Code Details
Bank Name STATE BANK OF INDIA
Address G 1, BHARAT DIAMOND BOURSE, G BLOCK, BANDRA KURLA COMPLEX, BANDRA EAST , MUMBAI,MAHARASHTRA 400051
State MAHARASHTRA
District MUMBAI
Branch BHARAT DIAMOND BOURSE
IFSC Code SBIN0016654
Branch Code 016654 (Last six characters of IFSC code represent Branch code.)
MICR Code NA
Contact Phone 0
via https://bankingzone.in/ifsc

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