IFSC Code, MICR Codes for STATE BANK OF INDIA in PUNJAB - LUDHIANA - LUDHIANA - TRADE FINANCE CPC

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


IFSC Code

SBIN0005065

MICR Code

141002900

Branch

TRADE FINANCE CPC

Contact

0

Address

SBI CIVIL LINES BRANCH2ND FLOORLUDHIANA

City

LUDHIANA

District

LUDHIANA

State

PUNJAB





What is IFSC Code of STATE BANK OF INDIA situated at TRADE FINANCE CPC- RTGS-HO?
IFSC Code of STATE BANK OF INDIA situated at TRADE FINANCE CPC - RTGS-HO is

SBIN0005065

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.