State Bank of India IFSC Code SBIN0008302

State Bank of India – MODEL TOWN EX.,LUDHIANA

IFSC Code: SBIN0008302

MICR Code: 141002015

Branch: MODEL TOWN EX.,LUDHIANA

Bank: State Bank of India

Address: OPP VRIDH ASHRAM NEAR GURUDWARA,SINGH SABHA,LUDHIANA,PIN – 141002

District: LUDHIANA

State: PUNJAB

Contact:

Indian Financial System Code (IFSC): SBIN0008302

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 008302. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 141002015

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.