State Bank of India, SCAB RAIPUR

Here is the IFSC & MICR Codes of State Bank of India, SCAB RAIPUR, RAIPUR, CHANDIGARH. Also get the latest address, contact number of State Bank of India, SCAB RAIPUR.

IFSC Code: SBIN0061185
Branch: SCAB RAIPUR
Address: BACK SIDE AT ADMINISTRATIVE OFFICE, BYRON BAZAR, RAIPUR, DISTT.RAIPUR, CHATTISGARH - 492001
Bank Code: SBIN
MICR: 492002070

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Frequently asked questions

What's the IFSC Code of SCAB RAIPUR, State Bank of India?: The IFSC Code of SCAB RAIPUR, State Bank of India is SBIN0061185.
What's the Address of SCAB RAIPUR, State Bank of India?: The Address of SCAB RAIPUR, State Bank of India is BACK SIDE AT ADMINISTRATIVE OFFICE, BYRON BAZAR, RAIPUR, DISTT.RAIPUR, CHATTISGARH - 492001.
What's the MICR Code of SCAB RAIPUR, State Bank of India?: The MICR Code of SCAB RAIPUR, State Bank of India is 492002070.
What's the District SCAB RAIPUR, State Bank of India falls under?: The District SCAB RAIPUR, State Bank of India falls under is RAIPUR.

Definition

What is IFSC Code

IFSC stands for Indian Financial System Code. It is a unique 11-character code assigned by the Reserve Bank of India (RBI) to identify every bank branch participating in the NEFT (National Electronic Funds Transfer) system in India.

The IFSC code is used to facilitate electronic money transfers between banks in India. It is used to identify the sender and receiver bank branches, ensuring that the money is credited to the correct account. The IFSC code is made up of three parts:

The first four characters represent the bank code, identifying the bank that the branch belongs to.
The fifth character is always a zero, reserved for future use.
The last six characters represent the branch code, identifying the specific branch of the bank.

For example, the IFSC code for the State Bank of India's Mumbai Fort branch is SBIN0000300. In this code, "SBIN" is the bank code for State Bank of India, "0" is a reserved character, and "000300" is the branch code for the Mumbai Fort branch.

IFSC codes are used in many types of electronic transactions, including NEFT, RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service).