SINGASANDRA BRANCH
+918043758420
Understanding IFSC Code: The Digital DNA of
When performing any digital transaction in India, the Indian Financial System Code
(IFSC) acts as a critical identifier. For the SINGASANDRA
branch of , the code GSSB0000005 ensures
that your funds are routed through the Reserve Bank of India's (RBI) structured network without manual
errors. In an era of instant payments, having the correct IFSC is as important as the account number
itself.
Anatomy of the GSSB0000005 Code
An IFSC is an 11-character alphanumeric code. Let's break down the logic behind the code for this specific branch:
Bank Identity
"GSSB" represents
Control Character
Always '0' (Reserved for future use)
Branch Locator
Unique code for SINGASANDRA
Payment Systems Supported by GSSB0000005
| System | Transfer Limit | Processing Time |
|---|---|---|
| NEFT | No Minimum (Up to ₹50 Lakhs+) | Half-hourly batches (24x7) |
| RTGS | Minimum ₹2 Lakhs | Real-time settlement |
| IMPS | Up to ₹5 Lakhs | Instant (Mobile/P2P) |
Why do you need the MICR Code?
While IFSC is for digital transfers, the Magnetic Ink Character Recognition
(MICR) code—560805005—is primarily
used for the processing and clearance of physical cheques. This 9-digit code helps in
identifying the bank and branch during the Cheque Truncation System (CTS) cycle, making clearing
faster and error-free.
Bank Holidays & Availability
The in BANGALORE typically follows the RBI holiday calendar. Digital transfers via GSSB0000005 for NEFT/RTGS are now available 365 days a year, regardless of physical branch timings or Sunday closures.
Security Warning & Verification
Always verify the branch details before making a large payment. While GSSB0000005 is the valid code for SINGASANDRA at BANGALORE, ensure the beneficiary name matches perfectly in your mobile banking app.
Bank Search Indexing & Metadata
Related Searches
- • Branch List
- • BANGALORE IFSC Codes
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Financial Tools
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Branch Context
- • SINGASANDRA Contact
- • Address of
- • MICR Code Finder
- • KARNATAKA Banking Circle
Platform Links
- • Anand Design DevBox
- • SEO Performance Hub
- • Webmaster Tools
- • IFSC Finder v2.0
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