IFSC Code, MICR Codes for STATE BANK OF INDIA in MAHARASHTRA - HINGOLI - BASMATH - BASMATNAGAR

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


IFSC Code

SBIN0003802

MICR Code

431002982

Branch

BASMATNAGAR

Contact

0

Address

DHANSMRUTI MONDHA BASMATHNAGAR DISTT. HINGOLI MAHARASHTRA 431512

City

BASMATH

District

HINGOLI

State

MAHARASHTRA





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

SBIN0003802

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.