IFSC Code, MICR Codes for STATE BANK OF INDIA in JHARKHAND - RANCHI - KHUNTI - KHUNTI

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


IFSC Code

SBIN0001097

MICR Code

835002302

Branch

KHUNTI

Contact

0

Address

DIST RANCHI JHARKHAND 835210

City

KHUNTI

District

RANCHI

State

JHARKHAND





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

SBIN0001097

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.