State Bank of India IFSC Code SBIN0070940

IFSC Code: SBIN0070940

MICR Code: 678002914

SWIFT Code:

Branch: GOLD POINT PALGHAT

Bank: State Bank of India

Address: GOPALAKRISHNAHERITAGE,BOCROAD,PALAKKAD678001GPPALAKKADATSBTCOIN

District: PALAKKAD

State: KERALA

Contact: +914912504006

Indian Financial System Code (IFSC): SBIN0070940

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 070940. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 678002914

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.