IFSC Code, MICR Codes for STATE BANK OF INDIA in MADHYA PRADESH - GWALIOR - BILLAUA - BILLAUA

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


IFSC Code

SBIN0006247

MICR Code

475002102

Branch

BILLAUA

Contact

0

Address

DIST GWALIORMADHYA PRADESH 475003

City

BILLAUA

District

GWALIOR

State

MADHYA PRADESH





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

SBIN0006247

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.