IFSC Code, MICR Codes for STATE BANK OF INDIA in MADHYA PRADESH - RAIPUR - BARELI - KHARGONE DIST RAISEN

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


IFSC Code

SBIN0017118

MICR Code

WAITING

Branch

KHARGONE DIST RAISEN

Contact

8085814426

Address

VILLAGE AND POST KHARGONETEHSIL BARELIDISTT.RAISEN.MADHYA PRADESH 464671

City

BARELI

District

RAIPUR

State

MADHYA PRADESH





What is IFSC Code of STATE BANK OF INDIA situated at KHARGONE DIST RAISEN- RTGS-HO?
IFSC Code of STATE BANK OF INDIA situated at KHARGONE DIST RAISEN - RTGS-HO is

SBIN0017118

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.