IFSC Code	SBIN0011196
MICR Code	MICR not provided
Bank	STATE BANK OF INDIA
Address	KISAN INTER COLLEGE CAMPUS,PARSHURAMPUR,DISTT BASTI 272120
District	BASTI
State	UTTAR PRADESH
Branch	PARSHURAMPUR
Phone number

More State Bank Of India Branches in Basti, Uttar Pradesh

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Frequently Asked Questions

What is the IFSC Code for STATE BANK OF INDIA PARSHURAMPUR branch?−

The IFSC Code of PARSHURAMPUR branch of STATE BANK OF INDIA is SBIN0011196.

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What is the branch timing of the STATE BANK OF INDIA PARSHURAMPUR branch?+

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On which Saturdays does the STATE BANK OF INDIA PARSHURAMPUR branch remain closed?+

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Difference Between Branch Code, IFSC Code and MICR Code

The branch code is a unique identifier that helps distinguish one branch of a bank from another within the same network. It is typically a combination of numbers or letters assigned to each branch to facilitate easy identification and communication within the banking system. This code is important for internal record-keeping, customer service, and other administrative purposes within the bank.
On the other hand, the IFSC (Indian Financial System Code) is a crucial code used for electronic fund transfers in India. It is an alphanumeric code that consists of 11 characters and is assigned by the Reserve Bank of India to each bank branch participating in the NEFT (National Electronic Funds Transfer) and RTGS (Real Time Gross Settlement) systems. The IFSC code helps ensure accurate routing of funds between banks and branches, thereby minimizing errors and delays in transactions.
Additionally, the MICR (Magnetic Ink Character Recognition) code is a technology used for authenticating banks on documents like cheques. It consists of a unique combination of numbers and characters printed in magnetic ink at the bottom of cheques to facilitate automated processing.
The MICR code helps in identifying the bank and branch where the cheque is drawn, ensuring secure and efficient cheque processing.
In summary, while the branch code helps identify specific bank branches within a network, the IFSC code is essential for electronic fund transfers, and the MICR code plays a vital role in authenticating banks on cheques for efficient processing. Together, these codes play a crucial role in ensuring smooth and secure financial transactions within the banking system.