IFSC Code, MICR Codes for STATE BANK OF PATIALA in PUNJAB - SANGRUR - BAN BORA - BANBOHRA

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


IFSC Code

STBP0000425

MICR Code

WAITING

Branch

BANBOHRA

Contact

285226

Address

VPO BANBORA TEH MALERKOTLA

City

BAN BORA

District

SANGRUR

State

PUNJAB





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

STBP0000425

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.