IFSC Code, MICR Codes for STATE BANK OF INDIA in WEST BENGAL - PASCHIM MEDINIPUR - MIDNAPUR - MIDNAPORE

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


IFSC Code

SBIN0000132

MICR Code

721002302

Branch

MIDNAPORE

Contact

0

Address

MIDNAPUR

City

MIDNAPUR

District

PASCHIM MEDINIPUR

State

WEST BENGAL





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

SBIN0000132

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.