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State Bank of India IFSC Code SBIN0000318

HomeIFSC CodesState Bank of IndiaSBIN0000318

State Bank of India – BALAGHAT

IFSC Code: SBIN0000318

MICR Code: 481002005

Branch: BALAGHAT

Bank: State Bank of India

Address: MAIN RD, BALAGHAT, M P, PIN 481001

District: BALAGHAT

State: MADHYA PRADESH

Contact:

Indian Financial System Code (IFSC): SBIN0000318

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 000318. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 481002005

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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