IFSC Code, MICR Codes for STATE BANK OF INDIA in ODISHA - BOUDH - BOUDH - PALASAGUDA

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


IFSC Code

SBIN0007764

MICR Code

762002030

Branch

PALASAGUDA

Contact

0

Address

DIST BOUDHORISSA 762030

City

BOUDH

District

BOUDH

State

ODISHA





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

SBIN0007764

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.