Find Branch Details by IFSC Code
Instantly get branch name, address, MICR code and other details using a valid 11-digit IFSC code.
State Bank of India, MAGARLOD
- IFSC
- SBIN0017097
- BRANCH
- MAGARLOD
- ADDRESS
- OPPOSITE BUS STAND,MAIN ROAD MAGARLOD,TEHSIL MAGARLOD,DISTT.DHAMTARI.CHHATTISGARH 493662
- BANKCODE
- SBIN
- MICR
- 493002525
- DISTRICT
- MAGARLOD
- CITY
- DHAMTARI
- STATE
- CHHATTISGARH
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 system in India.
The IFSC code is made up of three parts:
- The first four characters (SBIN in SBIN0017097) are the bank code, identifying State Bank of India.
- The fifth character (0 in SBIN0017097) is reserved and is typically zero, separating the bank code from the branch code.
- The last six characters (017097 in SBIN0017097) are the branch code for MAGARLOD.
For example, SBIN0017097 is the IFSC for State Bank of India’s MAGARLOD branch. IFSC codes are used in NEFT, RTGS, IMPS and other electronic transfers.
