IFSC Code, MICR Codes for STATE BANK OF INDIA in BIHAR - WEST CHAMPARAN - VALMIKINAGAR - VALMIKINAGAR

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


IFSC Code

SBIN0001432

MICR Code

845002032

Branch

VALMIKINAGAR

Contact

0

Address

DIST PASCHIMI CHAMPARANBIHAR 845107

City

VALMIKINAGAR

District

WEST CHAMPARAN

State

BIHAR





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

SBIN0001432

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.