IFSC Code, MICR Codes for STATE BANK OF INDIA in MAHARASHTRA - AHMEDNAGAR - PANEGAON - PANEGAON

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


IFSC Code

SBIN0017504

MICR Code

WAITING

Branch

PANEGAON

Contact

7875559321

Address

PANEGAONAT AND POST PANEGAONTAL.NEWASADISTT.AHMEDNAGAR.MAHARASHTRA 414105

City

PANEGAON

District

AHMEDNAGAR

State

MAHARASHTRA





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

SBIN0017504

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.