IFSC Code: SBIN0012161
MICR Code: 461002203
Branch: NEW MARKET ITARSI
Bank: State Bank of India
Address: NEAR CITY HARDWARE,BETUL ROAD,ITARSI,DIST HOSHANGABAD 461111
District: HOSHANGABAD
State: MADHYA PRADESH
Contact:
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State Bank of India IFSC Code SBIN0012161
Indian Financial System Code (IFSC): SBIN0012161
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 012161. The last six characters denote the specific bank branch.
MICR Code (Magnetic Ink Character Recognition): 461002203
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.
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