IFSC Code, MICR Codes for STATE BANK OF INDIA in MADHYA PRADESH - HOSHANGABAD - BABAI - BABAI

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


IFSC Code

SBIN0002822

MICR Code

461002007

Branch

BABAI

Contact

0

Address

MAIN ROAD DISTT HOSHANGABAD MADHYA PRADESH 461661

City

BABAI

District

HOSHANGABAD

State

MADHYA PRADESH





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

SBIN0002822

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.