IFSC Code, MICR Codes for STATE BANK OF INDIA in PUNJAB - NAVANSAHAR - NAURA - NAURA

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


IFSC Code

SBIN0002434

MICR Code

144002341

Branch

NAURA

Contact

0

Address

DISTNAWANSHAHR PUNJAB 144508

City

NAURA

District

NAVANSAHAR

State

PUNJAB





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

SBIN0002434

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.