IFSC Code, MICR Codes for STATE BANK OF INDIA in PUNJAB - LUDHIANA - LUDHIANA - U.E PHASE II

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


IFSC Code

SBIN0005075

MICR Code

141002032

Branch

U.E PHASE II

Contact

0

Address

URBAN ESTATE DUGRI PHASE II LUDHIANA PUNJAB PIN 141002

City

LUDHIANA

District

LUDHIANA

State

PUNJAB





What is IFSC Code of STATE BANK OF INDIA situated at U.E PHASE II- RTGS-HO?
IFSC Code of STATE BANK OF INDIA situated at U.E PHASE II - RTGS-HO is

SBIN0005075

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.