IFSC Code, MICR Codes for STATE BANK OF INDIA in PUNJAB - KAPURTHALA - KAPURTHALA - NRI PHAGWARA

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


IFSC Code

SBIN0004240

MICR Code

144002099

Branch

NRI PHAGWARA

Contact

0

Address

17 BY AMODEL TOWN G.T.ROADPHAGWARADIST KAPURTHALA PUNJAB 144401

City

KAPURTHALA

District

KAPURTHALA

State

PUNJAB





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

SBIN0004240

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.