IFSC Code, MICR Codes for STATE BANK OF PATIALA in PUNJAB - LUDHIANA - LUDHIANA - LUDHIANA COMMERCIAL BRANCH

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


IFSC Code

STBP0000463

MICR Code

WAITING

Branch

LUDHIANA COMMERCIAL BRANCH

Contact

2547855

Address

COMMERCIAL BRANCH LUDHIANA

City

LUDHIANA

District

LUDHIANA

State

PUNJAB





What is IFSC Code of STATE BANK OF PATIALA situated at LUDHIANA COMMERCIAL BRANCH- RTGS-HO?
IFSC Code of STATE BANK OF PATIALA situated at LUDHIANA COMMERCIAL BRANCH - RTGS-HO is

STBP0000463

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.