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State Bank of India - NAGAR ROAD BRANCH BEED

Details about the IFSC1 SBIN0012240:

Bank: State Bank of India
Bank Branch: NAGAR ROAD BRANCH BEED (IN-MH)
Country: India
District/State: BEED / MAHARASHTRA
City: AURANGABAD
IFSC:1 SBIN0012240
MICR:2 431002448




1) An IFSC code (Indian Financial System Code) is a unique 11-digit alphanumeric code used to identify bank branches participating in electronic fund transfers like NEFT, RTGS, and IMPS.

2) Magnetic ink character recognition code, known in short as MICR code, is a character recognition technology used mainly by the banking industry to streamline the processing and clearance of cheques and other documents.