IFSC Code, MICR Codes for STATE BANK OF INDIA in MADHYA PRADESH - SEHORE - JAWAR - JAWAR

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


IFSC Code

SBIN0002858

MICR Code

466002005

Branch

JAWAR

Contact

0

Address

TEHSIL ASHTA

City

JAWAR

District

SEHORE

State

MADHYA PRADESH





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

SBIN0002858

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.