IFSC Code, MICR Codes for STATE BANK OF INDIA in ODISHA - ANGUL - SAMAL - SAMAL BARRAGE

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


IFSC Code

SBIN0007340

MICR Code

759002108

Branch

SAMAL BARRAGE

Contact

0

Address

DIST ANGULORISSA 759037

City

SAMAL

District

ANGUL

State

ODISHA





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

SBIN0007340

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.