State Bank of India IFSC Code SBIN0002342

State Bank of India – RNW, FOCAL POINT, LUDHIANA

IFSC Code: SBIN0002342

MICR Code: 141002008

Branch: RNW, FOCAL POINT, LUDHIANA

Bank: State Bank of India

Address: C-39,FOCAL POINT,LUDHIANA,DHANDARI KALAN,LUDHIANA DISTLUDHIANA,PUNJAB 141011

District: LUDHIANA

State: PUNJAB

Contact:

Indian Financial System Code (IFSC): SBIN0002342

The IFSC is an 11-character alphanumeric code used to identify bank branches in India for electronic payment systems such as RTGS, NEFT, IMPS, and CFMS (managed by the Reserve Bank of India).

• The first four characters represent the bank name.
• The fifth character is always ‘0’ and is reserved for future use.
• Branch Code 002342. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 141002008

The MICR code is a unique code printed on cheques using magnetic ink. It helps in the secure and faster processing and clearance of cheques by identifying the bank and branch.