State Bank of India - COMMERCIAL BRANCH,CHANDIGARH

Details about the IFSC1 SBIN0050587:

Bank: State Bank of India
Bank Branch: COMMERCIAL BRANCH,CHANDIGARH (IN-CH)
Country: India
District/State: CHANDIGARH / CHANDIGARH
City: CHANDIGARH
Address: SECTOR 8 CCHANDIGARH 163001
Contact: 778403
IFSC:1 SBIN0050587
MICR:2 160002131




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.