IFSC Code –What Is It?
Well, the IFSC code is a unique code which facilitates each branch of each bank to carry out the electronic transfer of funds through NEFT and RTGS. IFSC stands for Indian Financial System Code. It is a unique code which differs from branch to branch and bank to bank.
The IFSC Code of State Bank of Travancore
State Bank of Travancore has an IFSC code which starts with the alphabets SBTR. These four denote the code of the State Bank Of Travancore. The last six characters have numbers which denote the branch of the bank, say the Pune branch, or the Mumbai branch.
How Is The IFSC Code Formed?
The IFSC code is an eleven-character code made of both alphabets and numbers. The first four characters of this code are formed from letters denoting the bank. The last six characters denote the branch of the specific bank, and these are always numbers. The fifth character is a zero.