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

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


IFSC Code

SBIN0005295

MICR Code

144002024

Branch

RACPC JALANDHAR

Contact

0

Address

CHANDIGARH PUNJAB

City

CHANDIGARH

District

NEW DELHI

State

DELHI





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

SBIN0005295

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.