IFSC Code, MICR Codes for STATE BANK OF INDIA in PUNJAB - AMRITSAR - AMRISTAR - RASMECCC AMRITSAR

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


IFSC Code

SBIN0005025

MICR Code

143002098

Branch

RASMECCC AMRITSAR

Contact

0

Address

AMRISTAR PUNJAB

City

AMRISTAR

District

AMRITSAR

State

PUNJAB





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

SBIN0005025

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.