Transit Number # 00002-294

Bank	State Bank of India (Canada) (SBIC)
Branch Name	Toronto Branch
Routing Number	029400002
Transit Number (MICR)	00002-294
Address	200 Bay Street Suite 160c, Royal Bank Plaza North Tower
City	Toronto
State	ON
Postal Code	M5J 2J2

Location Map of State Bank of India (Canada)
Toronto,ON

State Bank of India (Canada)

Toronto-ON

List of State Bank of India (Canada) Transit Numbers in Toronto ( ON )

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What is the Routing Number?

A routing number identifies the financial institution and the branch to which a payment item is directed. Along with the account number, it is essential for delivering payments through the clearing system.

In Canada, there are two formats for routing numbers:

EFT Routing Number

An Electronic Fund Transactions (EFT) routing number is comprised of a three-digit financial institution number and a five-digit branch number, preceded by a "leading zero".
Example : 0XXXYYYYY

0 : Leading zero
YYY : Institution Number
XXXXX : Branch Number

The electronic routing number is used for routing electronic payment items, such as direct deposits and wire transfers.

MICR Number (Transit Number)

MICR Numbers or widely known as Transit Numbers are used in cheques processing. It appears on the bottom of negotiable instruments such as checks identifying the financial institution on which it was drawn.
A paper (MICR) routing number is comprised of a three-digit financial institution number and a five-digit branch number. It is encoded using magnetic ink on paper payment items (such as cheques).
Example : XXXXX-YYY

XXXXX : Branch Number
YYY : Institution Number

MICR stands for Magnetic Ink Character Recognition.