IFSC Code, MICR Codes for STATE BANK OF INDIA in ODISHA - KANDHAMAL - KANDHAMAL - CHAKAPAD

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


IFSC Code

SBIN0005901

MICR Code

762002010

Branch

CHAKAPAD

Contact

0

Address

DISTKANDHAMALSTATEORISSAPIN762010

City

KANDHAMAL

District

KANDHAMAL

State

ODISHA





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

SBIN0005901

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.