IFSC Code, MICR Codes for STATE BANK OF INDIA in BIHAR - NALANDA - CHANDI - CHANDI DIST NALANDA

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


IFSC Code

SBIN0016396

MICR Code

NA

Branch

CHANDI DIST NALANDA

Contact

0

Address

NEAR CHANDI BUS STANDVILLAGE AND POST CHANDIDISTT.NALANDA.BIHAR 801308

City

CHANDI

District

NALANDA

State

BIHAR





What is IFSC Code of STATE BANK OF INDIA situated at CHANDI DIST NALANDA- RTGS-HO?
IFSC Code of STATE BANK OF INDIA situated at CHANDI DIST NALANDA - RTGS-HO is

SBIN0016396

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.