State Bank of India, PROOF ROAD, BALASORE

Here is the IFSC & MICR Codes of State Bank of India, PROOF ROAD, BALASORE, BALASORE, ODISHA. Also get the latest address, contact number of State Bank of India, PROOF ROAD, BALASORE.

IFSC Code: SBIN0012047
Branch: PROOF ROAD, BALASORE
Address: SUNHAT,BALASORE,AT BY POSUNHAT,BALASORE,STATE ORISSA,DISTBALASORE 756002
Bank Code: SBIN
MICR: 756002007

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Frequently asked questions

What's the IFSC Code of PROOF ROAD, BALASORE, State Bank of India?: The IFSC Code of PROOF ROAD, BALASORE, State Bank of India is SBIN0012047.
What's the Address of PROOF ROAD, BALASORE, State Bank of India?: The Address of PROOF ROAD, BALASORE, State Bank of India is SUNHAT,BALASORE,AT BY POSUNHAT,BALASORE,STATE ORISSA,DISTBALASORE 756002.
What's the MICR Code of PROOF ROAD, BALASORE, State Bank of India?: The MICR Code of PROOF ROAD, BALASORE, State Bank of India is 756002007.
What's the District PROOF ROAD, BALASORE, State Bank of India falls under?: The District PROOF ROAD, BALASORE, State Bank of India falls under is BALASORE.

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).