State Bank Of India IFSC Code, Papertown Branch Shimoga in Karnataka

Indian Financial System Code (IFSC) is a eleven digit code provided by the Reserve Bank of India (RBI) for identifying bank branches in India individually. This code is used for NEFT and RTGS.

The code consists of 11 characters. The first part is the first four alphabet characters represent the Bank. Next character is zero(0), which is reserved for use in the future. The last six characters are the branch code.

The State Bank Of India IFSC code is 11 characters?
Example: SBIN0040241

• SBIN The first four digits of the IFSC code represents the name of the State Bank Of India.
• The fifth digit is ‘zero’ (0),
• 040241 The last 6 digits denote the name of the specific State Bank Of India Papertown branch

What is State Bank Of India Papertown IFSC Code?

Magnetic Ink Character Recognition (MICR) is a printing technology that is used to print alpha-numeric details. MICR Code is printed on cheques and they allow the cheque to be processed easily. 

Indian Financial System Code, Magnetic Ink Character Recognition, SWIFT Code, Address and Contact number of State Bank Of India - Papertown branch in Shimoga district which is in the state of Karnataka . Branch office and ATM location.

What is State Bank Of India Karnataka Shimoga Papertown RTGS?

Real-Time Gross Settlement (RTGS) is a fund transfer mechanism which is used to transfer money from one bank to another. This gross basis transfer happens in realtime, hence the name. The minimum amount that can be transferred through RTGS is Rs. 2,00,000. Fees to process RTGS will be applicable.

What is State Bank Of India Karnataka Papertown Shimoga NEFT?

National Electronic Fund Transfer (NEFT) is an online money transfer system that is supported by RBI. NEFT is used for medium and small amount transfer between accounts and banks. There is no minimum amount limit to send money via NEFT.

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