IFSC Code, MICR Codes for STATE BANK OF INDIA in MADHYA PRADESH - SAGAR - SAGR - MRC SAGAR

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


IFSC Code

SBIN0009879

MICR Code

470002306

Branch

MRC SAGAR

Contact

0

Address

LAL KURTI BAZAR SAGAR CANTONMENTSAGR PIN - 470001

City

SAGR

District

SAGAR

State

MADHYA PRADESH





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

SBIN0009879

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.