IFSC Code, MICR Codes for STATE BANK OF INDIA in BIHAR - PATNA - PATNA - SPECIALIZED NRI BRANCH

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


IFSC Code

SBIN0016231

MICR Code

NA

Branch

SPECIALIZED NRI BRANCH

Contact

0

Address

1ST FLOOR GUINEA MOTORS PVT LTDWEST BORING CANAL ROAD DIST. PATNABIHAR 800001

City

PATNA

District

PATNA

State

BIHAR





What is IFSC Code of STATE BANK OF INDIA situated at SPECIALIZED NRI BRANCH- RTGS-HO?
IFSC Code of STATE BANK OF INDIA situated at SPECIALIZED NRI BRANCH - RTGS-HO is

SBIN0016231

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.