IFSC Code, MICR Codes for STATE BANK OF INDIA in CHANDIGARH - RAIPUR - BALODA BAZAR - BALODA BAZAR

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


IFSC Code

SBIN0001048

MICR Code

493002301

Branch

BALODA BAZAR

Contact

0

Address

DIST RAIPUR CHATTISGARH 493332

City

BALODA BAZAR

District

RAIPUR

State

CHANDIGARH





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

SBIN0001048

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.