IFSC code for State Transport Bank Mumbai Central, State transport bank mumbai central, Greater bombay, Maharashtra
Updated on: Tuesday, October 1, 2024
IFSC CODE
MDCB0680266
State Transport Bank Mumbai Central
State Transport Bank Mumbai Central, Mumbai, Maharashtra
Address
Maharashtra Vahatuk Bhavan,mumbai Central,mumbai
State Transport Bank Mumbai Central
State Transport Bank Mumbai Central, Mumbai, Maharashtra
Address
Maharashtra Vahatuk Bhavan,mumbai Central,mumbai
Bank Details
IFSC Code
MDCB0680266
MICR Code
400068266
Bank Code
(Based on IFSC)
MDCB
Bank Code
(Based on MICR)
068
Contact
+912256807650
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IFSC Code of State Transport Bank Mumbai Central
Every State Transport Bank Mumbai Central branch in India has a unique State Transport Bank Mumbai Central IFSC Code. State Transport Bank Mumbai Central IFSC Code enables State Transport Bank Mumbai Central account holders to send and receive money electronically. State Transport Bank Mumbai Central 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 State Transport Bank Mumbai Central IFSC Code MDCB0680266
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., MDCB, denotes the name of the bank which is State Transport Bank Mumbai Central.
The fifth character is 0.
The last six digits of the code, i.e., 680266, represents the branch which is State Transport Bank Mumbai Central
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MICR Code of State Transport Bank Mumbai Central
Every State Transport Bank Mumbai Central branch in India has a unique State Transport Bank Mumbai Central MICR Code. MICR code for State Transport Bank Mumbai Central 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 State Transport Bank Mumbai Central. 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.
