IFSC Code, MICR Codes for STATE BANK OF INDIA in PUNJAB - PATIALA - PATIALA - MODEL TOWN PATIALA

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


IFSC Code

SBIN0007273

MICR Code

147002000

Branch

MODEL TOWN PATIALA

Contact

0

Address

MODEL TOWN PATIALA PUNJAB 147001 PIN - 147001

City

PATIALA

District

PATIALA

State

PUNJAB





What is IFSC Code of STATE BANK OF INDIA situated at MODEL TOWN PATIALA- RTGS-HO?
IFSC Code of STATE BANK OF INDIA situated at MODEL TOWN PATIALA - RTGS-HO is

SBIN0007273

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.