IFSC Code, MICR Codes for STATE BANK OF INDIA in MAHARASHTRA - WARDHA - PALASKHED - PALASKHED SAB

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


IFSC Code

SBIN0008909

MICR Code

444002446

Branch

PALASKHED SAB

Contact

0

Address

DIST AMRAVATIMAHARASHTRA 444904

City

PALASKHED

District

WARDHA

State

MAHARASHTRA





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

SBIN0008909

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.