State Bank of India IFSC Code SBIN0001062

State Bank of India – LATEHAR

IFSC Code: SBIN0001062

MICR Code: 829002601

Branch: LATEHAR

Bank: State Bank of India

Address: DIST LATEHAR, JHARKHAND 829206

District: LATEHAR

State: JHARKHAND

Contact:

Indian Financial System Code (IFSC): SBIN0001062

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 001062. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 829002601

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.