IFSC Code, MICR Codes for STATE BANK OF INDIA in PUNJAB - FEROZEPUR - FIROZPUR - FEROZEPUR CITY

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


IFSC Code

SBIN0001116

MICR Code

152002003

Branch

FEROZEPUR CITY

Contact

0

Address

GURU RAVI DASS BAZAAR FEROZEPUR CITY DISTT. FEROZPUR PUNJAB 152002

City

FIROZPUR

District

FEROZEPUR

State

PUNJAB





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

SBIN0001116

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.