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

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


IFSC Code

SBIN0010748

MICR Code

141002171

Branch

RAIKOT

Contact

0

Address

HARI SINGH NALWA CHOWKRAIKOTLUDHIANA DIST PUNJAB STATE 141109

City

RAIKOT

District

LUDHIANA

State

PUNJAB





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

SBIN0010748

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.