IFSC Code, MICR Codes for STATE BANK OF INDIA in PUNJAB - LUDHIANA - SCB CIVIL LINES - SPL COMM CIVIL LINES

STATE BANK OF INDIA RTGS HO Branch in SCB CIVIL LINES - Address, IFSC, MICR Code


IFSC Code

SBIN0004045

MICR Code

141002027

Branch

SPL COMM CIVIL LINES

Contact

0

Address

DEOL COMPLEX CIVIL LINES LUDHIANA PUNJAB PIN 144001

City

SCB CIVIL LINES

District

LUDHIANA

State

PUNJAB





What is IFSC Code of STATE BANK OF INDIA situated at SPL COMM CIVIL LINES- RTGS-HO?
IFSC Code of STATE BANK OF INDIA situated at SPL COMM CIVIL LINES - RTGS-HO is

SBIN0004045

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.