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State Bank of India - SEC- CHANDIGARH

Details about the IFSC1 SBIN0050931:

Bank: State Bank of India
Bank Branch: SEC- CHANDIGARH (IN-CH)
Country: India
District/State: CHANDIGARH / CHANDIGARH
City: CHANDIGARH
Contact: 2691289
IFSC:1 SBIN0050931
MICR:2 160002170




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.