IFSC Code, MICR Codes for STATE BANK OF INDIA in CHANDIGARH - CHANDIGARH - PORT BLAIR - RAKSHAVIHAR

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


IFSC Code

SBIN0008721

MICR Code

744002003

Branch

RAKSHAVIHAR

Contact

0

Address

MOMMOE BAY PO JUNCLICKAL ANDAMAN AND NICOBAR744103

City

PORT BLAIR

District

CHANDIGARH

State

CHANDIGARH





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

SBIN0008721

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.