IFSC Code, MICR Codes for STATE BANK OF INDIA in MAHARASHTRA - AKOLA - HIWARKHED - HIWARKHED

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


IFSC Code

SBIN0012314

MICR Code

444002569

Branch

HIWARKHED

Contact

0

Address

YASH COMPLEXOPP BUS STANDMAIN ROADHIWARKHEDDIST AKOLA 444103

City

HIWARKHED

District

AKOLA

State

MAHARASHTRA





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

SBIN0012314

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.