IFSC Code, MICR Codes for STATE BANK OF INDIA in PUNJAB - CHANDIGARH - CHANDIGARH - SME BRANCH CHANDIGARH

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


IFSC Code

SBIN0011705

MICR Code

160002054

Branch

SME BRANCH CHANDIGARH

Contact

0

Address

3RD.FLOORSCO.4348BANK.SQUARESECTOR17.BCHANDIGARH160017

City

CHANDIGARH

District

CHANDIGARH

State

PUNJAB





What is IFSC Code of STATE BANK OF INDIA situated at SME BRANCH CHANDIGARH- RTGS-HO?
IFSC Code of STATE BANK OF INDIA situated at SME BRANCH CHANDIGARH - RTGS-HO is

SBIN0011705

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.