IFSC Code, MICR Codes for STATE BANK OF INDIA in UTTARAKHAND - UTTARKASHI - ARAKOT - ARAKOT

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


IFSC Code

SBIN0005450

MICR Code

249002016

Branch

ARAKOT

Contact

0

Address

DIST UTTAR KASHIUTTARANCHAL 171206

City

ARAKOT

District

UTTARKASHI

State

UTTARAKHAND





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

SBIN0005450

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.