IFSC Code, MICR Codes for STATE BANK OF PATIALA in PUNJAB - LUDHIANA - LUDHIANA - LUDHIANA IND. AREA

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


IFSC Code

STBP0000347

MICR Code

WAITING

Branch

LUDHIANA IND. AREA

Contact

2222091

Address

IND. AREA A LUDHIANA

City

LUDHIANA

District

LUDHIANA

State

PUNJAB





What is IFSC Code of STATE BANK OF PATIALA situated at LUDHIANA IND. AREA- RTGS-HO?
IFSC Code of STATE BANK OF PATIALA situated at LUDHIANA IND. AREA - RTGS-HO is

STBP0000347

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.