IFSC Code, MICR Codes for STATE BANK OF INDIA in JHARKHAND - HAZARIBAGH - SAUNDA - SAUNDA

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


IFSC Code

SBIN0004895

MICR Code

825002504

Branch

SAUNDA

Contact

0

Address

DIST HAZARIBAGHJHARKHAND 829126

City

SAUNDA

District

HAZARIBAGH

State

JHARKHAND





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

SBIN0004895

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.