IFSC Code of State Bank Of India, Ratlam, Racc Ratlam Fi And Mm
View the State Bank Of India IFSC and MICR Codes of Racc Ratlam Fi And Mm branch, Ratlam, Madhya Pradesh. The other details of State Bank Of India Racc Ratlam Fi And Mm branch such as address and phone number are also given below.
Racc Ratlam Fi And Mm branch IFSC Code SBIN0062568
| IFSC Code | SBIN0062568 |
|---|---|
| MICR Code | |
| Branch Code | 062568 (Last Six Characters of IFSC Code) |
| Bank Name | State Bank Of India |
| Branch Name | Racc Ratlam Fi And Mm |
| City | Ratlam |
| District | Ratlam |
| State | Madhya Pradesh |
| Address | Ratlam Branch,Mitra Niwas Road |
| Phone No. | 022 -27561665/27573270/27573506 /27560743 |
| Eamil Address. | neft@sbi.co.in |
The Reserve Bank of India (RBI) has allotted IFSC Code to all State Bank Of India banks and its State Bank Of India branches in India. The State Bank Of India IFSC Code of the bank is printed on the front page of the State Bank Of India bank , Racc Ratlam Fi And Mm branch passbook and found in the cheque leaf below the address field or on the RBI website. According to RBI instructions, a valid IFSC Code is mandatory for all kinds of fund transfers such as NEFT, RTGS and IMPS from one bank to another.
Table Of Contents
- IFSC Code Uses
- Structure of IFSC Code and sample cheque
- How to search for IFSC and MICR Code
- Frequently Asked Questions?
IFSC Code Uses
- IFSC Code is used for NEFT (National Electronic Fund Transfer). NEFT is an electronic payment system which helps to transfer funds from any bank account to another account.
- IFSC Code is used for RTGS (Real Time Gross Settlement. RTGS is a funds transfer system based on a gross settlement concept where money is transferred from one bank to another in real-time. A minimum limit of Rs.2 Lakh is transferred.
- IMPS (Immediate Payment and Service) is an electronic fund transfer system which helps in payment or transfer of funds instantly within banks across India at all the time (24x365) through the internet.
Structure of IFSC Code and sample cheque
The 11 alphanumeric of IFSC Code is formed to identify the bank and its branch. The first four letters represent the bank name and the last six characters indicate the bank branch. The fifth character 0 (zero) is provided for future use.
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 |
|---|---|---|---|---|---|---|---|---|---|---|
| S | B | I | N | 0 | 0 | 6 | 2 | 5 | 6 | 8 |
| First four digits (in alphabets in capital letters) of IFSC code Bank Name | The fifth digit is 0 (Zero) | The last six digits (mostly in numeric, but few banks like Bank of Baroda, YES Bank are using alphabets capital letters) of IFSC code indicates Bank Branch Name. | ||||||||
Sample Cheque Format
How to search for IFSC and MICR Code?
- IFSC Code is printed on the first page or front page of the bank passbook where the account details are given and also mentioned in the cheque leaf below the address field.
- IFSC Code is also published in the concerned bank official website.
- All banks and its branch list of IFSC Code are published in Reserve Bank of India’s website.
- MICR Code is printed on the bank passbook and also on the cheque leaf next to the cheque number.
- MICR Code can be found on the bank’s official website.
Frequently asked questions State Bank Of India, Racc Ratlam Fi And Mm branch, Ratlam, Madhya Pradesh
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What is the IFSC Code of State Bank Of IndiaRacc Ratlam Fi And Mm branch?SBIN0062568 is the IFSC Code of State Bank Of India, Racc Ratlam Fi And Mm branch, Ratlam,Madhya Pradesh.
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What is the address of this IFSC Code: SBIN0062568?The address of this IFSC Code: SBIN0062568 is State Bank Of India, Racc Ratlam Fi And Mm branch, Ratlam,Madhya Pradesh
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In which State this IFSC Code: SBIN0062568 HDFC Bank is located?This State Bank Of India is located in the State of Madhya Pradesh.
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In which District this IFSC Code: SBIN0062568 State Bank Of India is located?State Bank Of India is located in Ratlam District.
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What is the branch name of this IFSC Code: SBIN0062568?The last six characters of this IFSC code: SBIN0062568 reveals that it is Racc Ratlam Fi And Mm branch.