IFSC Code, MICR Codes for STATE BANK OF INDIA in PUNJAB - LUDHIANA - LUDHIANA - HAMBRAN ROAD

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


IFSC Code

SBIN0011971

MICR Code

141002044

Branch

HAMBRAN ROAD

Contact

0

Address

HAMBRAN ROADDISTLUDHIANA141001

City

LUDHIANA

District

LUDHIANA

State

PUNJAB





What is IFSC Code of STATE BANK OF INDIA situated at HAMBRAN ROAD- RTGS-HO?
IFSC Code of STATE BANK OF INDIA situated at HAMBRAN ROAD - RTGS-HO is

SBIN0011971

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.