Latest details of Ifsc: Sbin0016067
STATE BANK OF INDIA
Branch name : PALASPE
Contact Information
Address: 1ST FLOORJWC LOGISTIC PARK PVT.LTD.SURVEY NOS.90109211NH NO.17PALASPEPANVELRAIGADMH410206
Contact number: 8879050158
Bank Details
IFSC code can be used for RTGS, IMPS and NEFT transactions
Last six characters of IFSC Code make a Branch code.
IFSC Code
Indian Financial System Code (IFSC) is an 11-character code used for electronic payments through RTGS, NEFT, and IMPS. The code structure:
- • First 4 characters: Bank identifier
- • 5th character: Reserved (0)
- • Last 6 characters: Branch code
MICR Code
MICR (Magnetic Ink Character Recognition) code is printed on cheques to facilitate automated processing. This code helps identify the bank and branch during cheque clearing processes.
These codes are essential for secure and accurate electronic fund transfers within the Indian banking system.
