IFSC Code, MICR Codes for STATE BANK OF INDIA in MADHYA PRADESH - BHOPAL - BHOPAL - BAIRAGARH MAIN MARKET

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


IFSC Code

SBIN0008241

MICR Code

462002003

Branch

BAIRAGARH MAIN MARKET

Contact

0

Address

F-10MAHATMA GANDHI MARGOPP BDA MARKETBAIRAGARHBHOPALPIN - 462030

City

BHOPAL

District

BHOPAL

State

MADHYA PRADESH





What is IFSC Code of STATE BANK OF INDIA situated at BAIRAGARH MAIN MARKET- RTGS-HO?
IFSC Code of STATE BANK OF INDIA situated at BAIRAGARH MAIN MARKET - RTGS-HO is

SBIN0008241

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.