IFSC Code, MICR Codes for STATE BANK OF INDIA in MADHYA PRADESH - KHANDWA - KHANDWA - NARMADA NAGAR

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


IFSC Code

SBIN0008522

MICR Code

450002010

Branch

NARMADA NAGAR

Contact

0

Address

TEH KHALWA DISTT EAST NIMAR MADHYA PRADESH 450114

City

KHANDWA

District

KHANDWA

State

MADHYA PRADESH





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

SBIN0008522

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.