IFSC Code, MICR Codes for STATE BANK OF INDIA in MADHYA PRADESH - UJJAIN - UJJAIN - SETHI NAGAR UJJAIN

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


IFSC Code

SBIN0017723

MICR Code

WAITING

Branch

SETHI NAGAR UJJAIN

Contact

9926838356

Address

SETHI NAGARUJJAINDISTT.UJJAIN.MADHYA PRADESH 456010

City

UJJAIN

District

UJJAIN

State

MADHYA PRADESH





What is IFSC Code of STATE BANK OF INDIA situated at SETHI NAGAR UJJAIN- RTGS-HO?
IFSC Code of STATE BANK OF INDIA situated at SETHI NAGAR UJJAIN - RTGS-HO is

SBIN0017723

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.