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Bank Details for MICR: 626002051

Bank NameState Bank Of India
Branch Name Sme Rajapalayam
Branch Code 011943
IFSC Code SBIN0011943
MICR Code 626002051
Bank Address First Floor,331,tenkasi Road,rajapalayam 626117
State Name Tamil Nadu
City / Area Rajapalayam
District Name Madurai
Contact Details0

MICR code - 626002051 of bank Sme Rajapalayam Madurai Tamil Nadu India State Bank Of India is use to do any online transaction like NEFT, RTGS, ECS Transactions.

IFSC Code - SBIN0011943 of bank State Bank Of India and MICR code - 626002051 of bank State Bank Of India is use to do any online transaction or transaction related to the Sme Rajapalayam branch of State Bank Of India Madurai Tamil Nadu. an Invalid use ifsc code or micr code will lead to failur of the transaction.


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MICR Code: Magnetic Ink Character Recognition MICR CODE is printed on cheque book to facilitate the Process of cheques.

National Electronic Funds Transfer (NEFT) is a nation-wide system that facilitates individuals, firms and corporates to electronically transfer funds from any bank branch to any individual, firm or corporate having an account with any other bank branch in the country. NEFT transfers are also referred as e-cheques as the funds are not transferred in real-time and the funds are settled in batches.

'RTGS' stands for Real Time Gross Settlement, which can be defined as the continuous (real-time) settlement of funds transfers individually on an order by order basis (without netting). You need the IFSC Code to identify the Branch for which you will want to transfer funds using RTGS. Note all branches don't have IFSC Codes.

'IMPS' is Immediate Payment Service and it is commonly known as Interbank Mobile Payment Service. IMPS uses IFSC codes to offer a number of fund transfer services instantly in a round the clock environment. National Payments Corporation of India (NPCI), which is an organization that regulates the retail payments in India, has provided this facility.