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State Bank Of India, Market Area Branch,shahdol branch - IFSC, MICR Code, Address, Contact Details, etc.

Bank Name STATE BANK OF INDIA
Address MARKET AREA BRANCH,SHAHDOL,OLD GHANDHI ROAD,STATION ROAD,SHAHDOL,DISTSHAHDOL484001
State MADHYA PRADESH
District SHAHDOL
Branch MARKET AREA BRANCH,SHAHDOL
IFSC Code SBIN0012188
Branch Code 012188 (Last six characters of IFSC code represent Branch code.)
MICR Code 484002055
Contact Phone 0
via https://banksifsccode.org

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State Bank Of India, Market Area Branch,shahdol

What other information do you need along with IFSC(SBIN0012188) for RTGS, NEFT, and IMPS transfer?

You also have to enter the following details along with the IFSC Code - SBIN0012188.

1.  
Name of the beneficiary (whom you want to transfer money)

2.  
Account Number of the beneficiary (If your IFSC Code is SBIN0012188, then your entered bank account number must be of State Bank Of India).

3.  
You will also have to specify the bank account type, whether it is savings or current.

Note:   Please make sure that you have entered the correct IFSC and account number because only these two are used for electronic fund transfer. The name of the beneficiary is not considered. So, whether you have entered the name correctly or not doesn't make any impact on the transfer.

What is the significance of this IFSC Code - SBIN0012188?

If you want to transfer money via RTGS, NEFT, and IMPS to bank account of the Market Area Branch,shahdol branch, then you need this IFSC (SBIN0012188) for a successful transfer. You cannot transfer money via RTGS, NEFT, and IMPS to the Market Area Branch,shahdol branch without using this code.

Importance of IFSC (SBIN0012188) from the bank perspective

This code helps the payer's bank to understand which bank and branch the money has to transfer. The bank divides this code into two parts, one part used to find the payee's bank, and another part used to find the branch in which the payee has a bank account.

Format for IFSC Code - SBIN0012188

Bank Name R Branch Code
S B I N 0 0 1 2 1 8 8

*R is used to present reserved.

1.  
The first four letters of the code, i.e., SBIN, denotes the name of the bank which is State Bank Of India.

2.  
The fifth digit is zero that reserved for future use. It is of no use at the moment.

3.  
The last six digits of the code, i.e., 012188, represents the branch code.

In this way, the bank understands which bank branch the money has to transfer.

What are the NEFT, RTGS, and IMPS Codes for State Bank Of India, Market Area Branch,shahdol branch?

NEFT, RTGS, and IMPS Codes for State Bank Of India, Market Area Branch,shahdol branch is same as IFSC Code of State Bank Of India, Market Area Branch,shahdol branch. There is no difference in NEFT, RTGS, IMPS Codes and IFSC Code. IFSC Code is used for NEFT, RTGS, and IMPS. That's why some people also call it as NEFT, RTGS, IMPS Codes.

What is the significance of this MICR Code - 484002055?

It is a 9-digit code that helps bank in identifying a particular bank branch that is part of the Electronic Clearing System (ECS) that is used for clearing cheques on daily basis.

Format for MICR Code - 484002055

City Code Bank Code Branch Code
4 8 4 0 0 2 0 5 5

1.  
The first three digits of the code, i.e., 484, denotes the city of the bank.

2.  
The middle three digits, i.e., 002, represents the bank code.

3.  
The last three digits, i.e., 055, represents the branch code.

How to find the State Bank Of India, Market Area Branch,shahdol branch by IFSC Code?

To find the State Bank Of India, Market Area Branch,shahdol by IFSC Code. Go to our website search bar and enter the IFSC Code of State Bank Of India, Market Area Branch,shahdol branch that is SBIN0012188, and click search. Click on the bank branch to get the detailed information about the State Bank Of India, Market Area Branch,shahdol. Similarly, you can also find the State Bank Of India, Market Area Branch,shahdol branch by MICR Code.