IFSC Code, MICR Codes for STATE BANK OF INDIA in DELHI - NEW DELHI - CHANDIGARH - TRADE FINANCE CPC (TFCPC) CHANDIGARH

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


IFSC Code

SBIN0005062

MICR Code

160002095

Branch

TRADE FINANCE CPC (TFCPC) CHANDIGARH

Contact

0

Address

SBI ZONAL OFFICE 101-107SECTOR 17B CHANDIGARH

City

CHANDIGARH

District

NEW DELHI

State

DELHI





What is IFSC Code of STATE BANK OF INDIA situated at TRADE FINANCE CPC (TFCPC) CHANDIGARH- RTGS-HO?
IFSC Code of STATE BANK OF INDIA situated at TRADE FINANCE CPC (TFCPC) CHANDIGARH - RTGS-HO is

SBIN0005062

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.