IFSC Code, MICR Codes for STATE BANK OF INDIA in PUNJAB - MOGA - SAMADH BHAI - SAMADH BHAI

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


IFSC Code

SBIN0002472

MICR Code

142002121

Branch

SAMADH BHAI

Contact

0

Address

DIST MOGA PUNJAB 142057

City

SAMADH BHAI

District

MOGA

State

PUNJAB





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

SBIN0002472

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.