SBIN0017097 IFSC Code, STATE BANK OF INDIA, MAGARLOD

IFSC Code of State Bank Of India, Magarlod, Chhattisgarh IFSC CODE & MICR CODE

STATE BANK OF INDIA, MAGARLOD - SBIN0017097

  • Bank name: STATE BANK OF INDIA

Bank Address: Opposite Bus Stand,main Road Magarlod,tehsil Magarlod,distt.dhamtari.chhattisgarh 493662

  • IFSC Code sbin0017097
  • Bank Code SBIN
  • Bank name STATE BANK OF INDIA
  • Bank contact number
  • Bank branch MAGARLOD
  • Bank ISO3166 Code IN-CT
  • Bank Center DHAMTARI
  • MICR Code 493002525
  • State name CHHATTISGARH
  • District name DHAMTARI
  • City name MAGARLOD
  • Swift Swift not provided
  • IMPS No
  • NEFT No
  • UPI No
  • RTGS No

What is an IFSC Code?

The Indian Financial System Code (IFSC) is an 11-character alphanumeric code used to uniquely identify a bank branch for online fund transfers. The IFSC code for STATE BANK OF INDIA, MAGARLOD branch is SBIN0017097, ensures that your transactions are directed to the correct branch.

How to Use SBIN0017097 for Transactions?

  • NEFT: Use the IFSC code to transfer funds quickly to accounts in other banks.
  • RTGS: For high-value transactions, the IFSC code ensures your payment is processed instantly.
  • IMPS: The IFSC code allows 24/7 fund transfers, including weekends and holidays.

What is a MICR Code?

The Magnetic Ink Character Recognition (MICR) code is a 9-digit code used for processing paper-based transactions, such as cheques. For the MAGARLOD branch, this code complements the IFSC code for efficient banking operations.

Benefits of Using the Correct IFSC Code

  • Accuracy: Ensures your funds are directed to the right branch.
  • Security: Prevents fraudulent transactions by uniquely identifying each branch.