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

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


IFSC Code

SBIN0001640

MICR Code

492002003

Branch

PHAPHADIH

Contact

0

Address

RAIPURCHATTISGARHPIN 492001

City

RAIPUR

District

RAIPUR

State

CHANDIGARH





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

SBIN0001640

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.