IFSC Code, MICR Codes for STATE BANK OF INDIA in MADHYA PRADESH - VIDISHA - LATERI - LATERI

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


IFSC Code

SBIN0010821

MICR Code

464002020

Branch

LATERI

Contact

0

Address

LATERISHYAM TRADERSSIRONJ ROADLATERIDISTVIDISHA 464114

City

LATERI

District

VIDISHA

State

MADHYA PRADESH





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

SBIN0010821

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.