IFSC Code, MICR Codes for STATE BANK OF INDIA in DELHI - NEW DELHI - DELHI - RING ROAD LAJPAT NAGAR

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


IFSC Code

SBIN0001188

MICR Code

110002107

Branch

RING ROAD LAJPAT NAGAR

Contact

0

Address

RING RD LAJPATNGR DELHI

City

DELHI

District

NEW DELHI

State

DELHI





What is IFSC Code of STATE BANK OF INDIA situated at RING ROAD LAJPAT NAGAR- RTGS-HO?
IFSC Code of STATE BANK OF INDIA situated at RING ROAD LAJPAT NAGAR - RTGS-HO is

SBIN0001188

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.