IFSC Code, MICR Codes for STATE BANK OF INDIA in CHANDIGARH - DURG - BHILLAI - COM BR BHILAI

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


IFSC Code

SBIN0008532

MICR Code

490002004

Branch

COM BR BHILAI

Contact

0

Address

I.F.B. BHILAI SECTOR-I BHILAI DURGCHATTISGARH 490001

City

BHILLAI

District

DURG

State

CHANDIGARH





What is IFSC Code of STATE BANK OF INDIA situated at COM BR BHILAI- RTGS-HO?
IFSC Code of STATE BANK OF INDIA situated at COM BR BHILAI - RTGS-HO is

SBIN0008532

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.