IFSC Code, MICR Codes for STATE BANK OF INDIA in MADHYA PRADESH - DAMOH - DAMOH - HINOTAKALAN

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


IFSC Code

SBIN0005502

MICR Code

470002411

Branch

HINOTAKALAN

Contact

0

Address

TEH HATTA DITT DAMOH M P 470775

City

DAMOH

District

DAMOH

State

MADHYA PRADESH





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

SBIN0005502

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.