IFSC Code, MICR Codes for STATE BANK OF INDIA in CHANDIGARH - DHAMTARI - MAGARLOD - MAGARLOD

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


IFSC Code

SBIN0017097

MICR Code

NA

Branch

MAGARLOD

Contact

0

Address

OPPOSITE BUS STANDMAIN ROAD MAGARLODTEHSIL MAGARLODDISTT.DHAMTARI.CHHATTISGARH 493662

City

MAGARLOD

District

DHAMTARI

State

CHANDIGARH





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

SBIN0017097

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.