IFSC Code, MICR Codes for STATE BANK OF INDIA in GUJARAT - JUNAGADH - BALAGAM - BALAGAM

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


IFSC Code

SBIN0060198

MICR Code

362008220

Branch

BALAGAM

Contact

0

Address

BALAGAM GHEDVIA KESHODBALAGAM 362221 DIST JUNAGADH

City

BALAGAM

District

JUNAGADH

State

GUJARAT





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

SBIN0060198

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.