SBIN0031020 IFSC Code, STATE BANK OF INDIA, MADHOPURI CHOWK, LUDHIANA

IFSC Code of State Bank Of India, Madhopuri Chowk, Ludhiana, Punjab IFSC CODE & MICR CODE

STATE BANK OF INDIA, MADHOPURI CHOWK, LUDHIANA - SBIN0031020

  • Bank name: STATE BANK OF INDIA

Bank Address: Madhopuri Chowk, Ludhiana 141008

  • IFSC Code sbin0031020
  • Bank Code SBIN
  • Bank name STATE BANK OF INDIA
  • Bank contact number +911612700185
  • Bank branch MADHOPURI CHOWK, LUDHIANA
  • Bank ISO3166 Code IN-PB
  • Bank Center LUDHIANA
  • MICR Code 141002070
  • State name PUNJAB
  • District name LUDHIANA
  • City name LUDHIANA
  • 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, MADHOPURI CHOWK, LUDHIANA branch is SBIN0031020, ensures that your transactions are directed to the correct branch.

How to Use SBIN0031020 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 MADHOPURI CHOWK, LUDHIANA 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.