IFSC Code, MICR Codes for STATE BANK OF INDIA in GUJARAT - BHAVNAGAR - BOTAD - PALIYAD ROAD BOTAD

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


IFSC Code

SBIN0060011

MICR Code

364002052

Branch

PALIYAD ROAD BOTAD

Contact

0

Address

STATION ROADPARABOTAD 364710

City

BOTAD

District

BHAVNAGAR

State

GUJARAT





What is IFSC Code of STATE BANK OF INDIA situated at PALIYAD ROAD BOTAD- RTGS-HO?
IFSC Code of STATE BANK OF INDIA situated at PALIYAD ROAD BOTAD - RTGS-HO is

SBIN0060011

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.