IFSC Code, MICR Codes for STATE BANK OF INDIA in DELHI - NEW DELHI - CHANDIGARH - SARC CHANDIGARH

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


IFSC Code

SBIN0005179

MICR Code

160002094

Branch

SARC CHANDIGARH

Contact

0

Address

DIST CHANDIGARH

City

CHANDIGARH

District

NEW DELHI

State

DELHI





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

SBIN0005179

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.