IFSC Code, MICR Codes for STATE BANK OF INDIA in CHANDIGARH - RAIGARH - KONDA TARAI - KONDATARAI

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


IFSC Code

SBIN0009416

MICR Code

496002261

Branch

KONDATARAI

Contact

0

Address

DIST RAIGARH CHHATTISGARH 496100

City

KONDA TARAI

District

RAIGARH

State

CHANDIGARH





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

SBIN0009416

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.