IFSC Code, MICR Codes for STATE BANK OF INDIA in MADHYA PRADESH - BHOPAL - BHOPAL - BAGMUGALIYA BHOPAL

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


IFSC Code

SBIN0012275

MICR Code

462002061

Branch

BAGMUGALIYA BHOPAL

Contact

0

Address

SHRI RADHAKRISHNA SHOPPING COMPLEXSHRI RAMESHWARAMBAG MUGALIYABHOPAL MP462026

City

BHOPAL

District

BHOPAL

State

MADHYA PRADESH





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

SBIN0012275

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.