Latest details of Ifsc: Sbin0031045

STATE BANK OF INDIA

Branch name : LALSOT

Contact Information

Address: DISTT DAUSA 303503

Contact number: 222022

Bank Details

IFSC Code: SBIN0031045

City: LALSOT

District: DAUSA

State: RAJASTHAN

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.

IFSC and MICR code sample on bank cheque