IFSC Code, MICR Codes for STATE BANK OF INDIA in GUJARAT - SURAT - OLPAD - OLPAD

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


IFSC Code

SBIN0001369

MICR Code

395002025

Branch

OLPAD

Contact

0

Address

DIST SURAT GUJARAT 394540

City

OLPAD

District

SURAT

State

GUJARAT





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

SBIN0001369

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.