IFSC Code, MICR Codes for STATE BANK OF INDIA in MADHYA PRADESH - SATNA - BHOPAL - SATNA CITY

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


IFSC Code

SBIN0001260

MICR Code

485002002

Branch

SATNA CITY

Contact

0

Address

SATNA CITY PB NO.4PIN 485 001 MADHYA PRADESH

City

BHOPAL

District

SATNA

State

MADHYA PRADESH





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

SBIN0001260

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.