IFSC Code, MICR Codes for STATE BANK OF INDIA in BIHAR - BHAGALPUR - BARARI - BARARI

STATE BANK OF INDIA RTGS HO Branch in BARARI - Address, IFSC, MICR Code


IFSC Code

SBIN0003042

MICR Code

812002006

Branch

BARARI

Contact

0

Address

P.O.BARARIBHAGALPURBIHARPIN 812003

City

BARARI

District

BHAGALPUR

State

BIHAR





What is IFSC Code of STATE BANK OF INDIA situated at BARARI- RTGS-HO?
IFSC Code of STATE BANK OF INDIA situated at BARARI - RTGS-HO is

SBIN0003042

What is the meaning of IFSC Code, MICR Codes in Banking industry?
IFSC or Indian Financial System Code is the code allocated to all banks branches. Bank branches use this code to participate in RTGS and NEFT transactions.

What is the significance of IFSC Code and how we can use it?
IFSC Code is a 11 digit code and we can use this code to communicate between different branches of different banks. Upon receiving the request for fund transfer it is easy for a bank to identify the payee branch. First four characters are code of bank, last six digits are branch code and fifth character is left 0, for any future use.