IFSC Code, MICR Codes for STATE BANK OF INDIA in MAHARASHTRA - PARBHANI - PALAM - PALAM

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


IFSC Code

SBIN0016565

MICR Code

NA

Branch

PALAM

Contact

0

Address

SHOP NO 12 16 DEVIDASRAO COMPLEX CHHATRAPATI MARKET NEAR BUS STAND AT POST PALAM DISTT. PARBHANI. MAHARASHTRA 413720

City

PALAM

District

PARBHANI

State

MAHARASHTRA





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

SBIN0016565

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.