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State Bank of India - RACC RAIGARH R AND DB

Details about the IFSC1 SBIN0062629:

Bank: State Bank of India
Bank Branch: RACC RAIGARH R AND DB (IN-CT)
Country: India
District/State: RAIGARH / CHHATTISGARH
City: RAIGARH
IFSC:1 SBIN0062629
MICR:2 496002016




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.