SBIN0041054 (previously State Bank of Mysore (SBM) with SBMY0041054) IFSC Code for State Bank of India (SBI) Ivardadu branch located at Karnataka state, Dakshina Kannada district, Sullia, and branch Address is Grama Panchayat Seva Kendra Building Ivarnadu Sullia Taluk, Branch Contact numbers 08257-277285 Branch code is 041054 last six characters of the IFSC Code.
Branch Information Last updated Oct 15, 2017
IFSC: SBIN0041054 (old IFSC SBMY0041054)
MICR:
574006303
Branch Code: 041054
Address: GRAMA PANCHAYAT SEVA KENDRA BUILDING IVARNADU SULLIA TALUK
Contact: 08257-277285
Map Location of Sullia, Dakshina Kannada, Karnataka
What is IFSC Code SBIN0041054?
IFSC or Indian Financial System Code is an alpha-numeric code that uniquely identifies a bank-branch participating in the NEFT system.
This is an 11 digit code with the first 4 alpha characters representing the bank, and the last 6 characters representing the branch.
The 5th character is 0 (zero).
IFSC is used by the NEFT system to identify the originating / destination banks / branches and also to route the messages appropriately to the concerned banks / branches.
IFSC is 11 alpha numeric characters code assigned by Reserve Bank of India to bank branches for facilitating online money / fund transfer using NEFT, RTGS or ECS between two bank accounts.
- The code consists of 11 Characters : (SBIN0041054) 11 alpha numeric characters code assigned by Reserve Bank of India to State Bank of India (SBI) Ivardadu Branch
- First 4 characters represent the entity (SBIN0041054)
- Fifth position has been defaulted with a '0' (Zero) for future use (ICIC0041054)
- Last 6 character denotes the branch identity (ICIC0041054)
What is MICR Code 574006303?
Magnetic ink character recognition (MICR) is a character recognition technology used primarily by the banking industry to facilitate the processing of cheques.
MICR characters are printed in special typefaces with a magnetic ink or toner, usually containing iron oxide. A special machine is used to read these characters, which can be easily read by humans too.
The characters are usually printed on the bottom strip of cheque leaf.
This MICR code is used By RBI (Reserve bank Of India) clearing process to identify the branch and bank for clearing processes.
MICR 574006303 is 9 digits code printed on cheques to facilitate and expedite clearance of cheques in banking system.
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