IFSC Code, MICR Codes for STATE BANK OF INDIA in KARNATAKA - BANGALORE URBAN - BEGUSARAI - LAKHO

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


IFSC Code

SBIN0008700

MICR Code

851002614

Branch

LAKHO

Contact

0

Address

CO SATYA SAI SERVICE STATION NH31

City

BEGUSARAI

District

BANGALORE URBAN

State

KARNATAKA





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

SBIN0008700

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.