IFSC Code, MICR Codes for STATE BANK OF PATIALA in PUNJAB - MUKTSAR - MALOUT - MALOUT

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


IFSC Code

STBP0000242

MICR Code

WAITING

Branch

MALOUT

Contact

262076

Address

GURDWARA ROAD TEH MUKTSAR DT.

City

MALOUT

District

MUKTSAR

State

PUNJAB





What is IFSC Code of STATE BANK OF PATIALA situated at MALOUT- RTGS-HO?
IFSC Code of STATE BANK OF PATIALA situated at MALOUT - RTGS-HO is

STBP0000242

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.