SBI Madurai ifsc code

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SBI IFSC code in madurai

SBI IFSC code in madurai is an 11 digit code used in online fund transfers. All the banks have number of branches spread across the country. It is not always feasible to wait for State Bank Of India physical cheques to travel across the country to transfer funds. Internet banking provides a solution to this. To carry out online transactions using RTGS, IMPS or NEFT, each bank branch needs to be identified individually. IFSC codes for SBI in State Bank Of India are used for the same purpose and hence are unique. NOTE that not all branches support electronic fund transfer, only those approved by RBI can provide such facility. The SBI Bank IFSC code list for madurai is provided by RBI.