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

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


IFSC Code

SBIN0012338

MICR Code

431002579

Branch

SONPETH

Contact

0

Address

AT AND PO SONPETHTA.GANGAKHEDDIST.PARBHANI 431516

City

SONPETH

District

PARBHANI

State

MAHARASHTRA





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

SBIN0012338

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.