IFSC Code, MICR Codes for STATE BANK OF INDIA in MADHYA PRADESH - RAISEN - DEVARI - DEORI

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


IFSC Code

SBIN0004367

MICR Code

464002008

Branch

DEORI

Contact

0

Address

KALI CHOWK DISTT RAISEN MP 464774

City

DEVARI

District

RAISEN

State

MADHYA PRADESH





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

SBIN0004367

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.