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 Ayyansalai Erode Branch IFSC/MICR Code Details
Bank Name STATE BANK OF INDIA
Address UTHANDIYUR POST, T ERODE, TAMIL NADU 638402
State TAMIL NADU
District ERODE
Branch AYYANSALAI
IFSC Code SBIN0009216
Branch Code 009216 (Last six characters of IFSC code represent Branch code.)
MICR Code 638002093
Contact Phone 0
via https://bankingzone.in/ifsc

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