IFSC Code, MICR Codes for STATE BANK OF INDIA in PUNJAB - MOHALI - MOHALI - PHASE VII MOHALI

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


IFSC Code

SBIN0018071

MICR Code

WAITING

Branch

PHASE VII MOHALI

Contact

9915943500

Address

SINGLE STOREY SHOP NO. 6 PHASE VII MOHALI DISTT.MOHALI PUNJAB160055

City

MOHALI

District

MOHALI

State

PUNJAB





What is IFSC Code of STATE BANK OF INDIA situated at PHASE VII MOHALI- RTGS-HO?
IFSC Code of STATE BANK OF INDIA situated at PHASE VII MOHALI - RTGS-HO is

SBIN0018071

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.