IFSC code for Saptagiri Grameena Bank, Saptagiri grameena bank imps, Chittoor, Maharashtra
Updated on: Monday, July 1, 2024
IFSC CODE
IDIB0SGB001
Saptagiri Grameena Bank
Saptagiri Grameena Bank Imps, Mumbai, Maharashtra
Address
P B No.17 Hotel Durga Complex Head Office Chittoor 517 001
Saptagiri Grameena Bank
Saptagiri Grameena Bank Imps, Mumbai, Maharashtra
Address
P B No.17 Hotel Durga Complex Head Office Chittoor 517 001
Bank Details
IFSC Code
IDIB0SGB001
MICR Code
517804102
Bank Code
(Based on IFSC)
SPBX
Bank Code
(Based on MICR)
804
Contact
+918886644005
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IFSC Code of Saptagiri Grameena Bank
Every Saptagiri Grameena Bank branch in India has a unique Saptagiri Grameena Bank IFSC Code. Saptagiri Grameena Bank IFSC Code enables Saptagiri Grameena Bank account holders to send and receive money electronically. Saptagiri Grameena Bank IFSC Code is assigned by RBI (Reserve Bank of India) to each branch as it helps in carrying out RTGS and NEFT transactions smoothly.
Benefits of IFSC Code
Unique Identification: IFSC code helps in unique identification of all banks and their respective branches.
Smooth Fund Transfer: IFSC code enables convenient and hassle-free transfer of funds from one bank account to another.
Monitoring Transactions: IFSC code is used by RBI to keep track of all the bank transactions. It lowers the chances of discrepancy.
Format of Saptagiri Grameena Bank IFSC Code IDIB0SGB001
The IFSC code of all accounts in the same branch of the bank is standard. It is an 11 digit alphanumeric code.
The first four letters of the code, i.e., IDIB, denotes the name of the bank which is Saptagiri Grameena Bank.
The fifth character is 0.
The last six digits of the code, i.e., SGB001, represents the branch which is Saptagiri Grameena Bank
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MICR Code of Saptagiri Grameena Bank
Every Saptagiri Grameena Bank branch in India has a unique Saptagiri Grameena Bank MICR Code. MICR code for Saptagiri Grameena Bank can be found on a cheque leaf and bank passbook. It is a 9 digit code printed on the last line of a cheque leaf. One can also find MICR code on the website of Saptagiri Grameena Bank. MICR code is used for faster and secure processing of cheques.
Benefits of MICR Code
High Level of Security: The use of magnetic ink ensures MICR characters are readable even if a document is obscured by marks.
Authentication of Docs: MICR code authenticates the originality and legality of paper based docs. in the banking system.
Faster Processing: There is no manual input and hence the processing of MICR information is fast and errors are reduced.
