IFSC Code, MICR Codes for STATE BANK OF INDIA in MAHARASHTRA - RAIGAD - PALASPE - PALASPE

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


IFSC Code

SBIN0016067

MICR Code

WAITING

Branch

PALASPE

Contact

8879050158

Address

1ST FLOORJWC LOGISTIC PARK PVT.LTD.SURVEY NOS.90109211NH NO.17PALASPEPANVELRAIGADMH410206

City

PALASPE

District

RAIGAD

State

MAHARASHTRA





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

SBIN0016067

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.