IFSC Code, MICR Codes for STATE BANK OF INDIA in GUJARAT - BANAS KANTHA - PALANPUR - GURU NANAK CHOWK PALANPUR

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


IFSC Code

SBIN0060207

MICR Code

385002003

Branch

GURU NANAK CHOWK PALANPUR

Contact

0

Address

GURU NANAK CHOWKPALACE ROADPALANPUR 385001

City

PALANPUR

District

BANAS KANTHA

State

GUJARAT





What is IFSC Code of STATE BANK OF INDIA situated at GURU NANAK CHOWK PALANPUR- RTGS-HO?
IFSC Code of STATE BANK OF INDIA situated at GURU NANAK CHOWK PALANPUR - RTGS-HO is

SBIN0060207

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.