IFSC Code SBIN0003432 - State Bank of India-OLD PALASIA-Indore
| Detail | Information |
|---|---|
| IFSC Code | SBIN0003432 |
| Bank Name | State Bank of India |
| Address | INDORE MADHYA PRADESH |
| District | Indore |
| State | Madhya pradesh |
| Branch | Old palasia |
| Contact | |
| Centre | Available |
| IMPS | Available |
| UPI | Available |
| MICR | 452002011 |
| RTGS | 1 |
| NEFT | Not Available |
| ISO3166 | IN-MP |
| Bankcode | SBIN |
Overview of SBIN0003432
The IFSC code SBIN0003432 is associated with the Indore OLD PALASIA Branch of State Bank of India. Located in the bustling city of Indore, MADHYA PRADESH, this branch is one of the many State Bank of India branches that cater to the banking needs of the local residents. The code "SBIN" in SBIN0003432 represents State Bank of India Bank, while 0003432 signifies the unique branch code for OLD PALASIA.
Significance of IFSC Code for Banking Transactions
The importance of the IFSC code, like SBIN0003432, for the OLD PALASIA Branch, cannot be overstated. It acts as an address that identifies both the State Bank of India and its specific branch in Indore. This ensures that when you're transferring money or setting up a beneficiary for future transactions, your funds are directed to the correct bank branch. Without the IFSC code, the chances of errors in electronic fund transfers would be significantly higher, leading to potential financial losses and administrative hassles.
Deep Dive into SBIN0003432
The IFSC code SBIN0003432 is not just a random combination of letters and numbers. It holds significance in the banking world, especially for those who bank with State Bank of India in Indore. Let's break down the details:
- IFSC Code (SBIN0003432): This unique code is essential for electronic fund transfers. The first four characters "SBIN" represent the bank's name, State Bank of India. The last six characters "0003432" are a unique identifier for the OLD PALASIA branch.
- Bank Name (State Bank of India): One of [country]'s leading banks, State Bank of India offers a wide range of banking products and financial services to its vast customer base.
- Address (INDORE MADHYA PRADESH): This specific address pinpoints the exact location of the branch, ensuring that customers can easily find it for their banking needs.
- City & State (Indore, MADHYA PRADESH): The branch is situated in the heart of Indore, the capital city of MADHYA PRADESH. A city known for its [CITY_FEATURES].
- Branch (OLD PALASIA): The [AREA_NAME] area in Indore is a hub of activity, and the State Bank of India branch here caters to both individual and business banking needs.
- Phone Number (): A direct line to the branch, this number ensures that customers can reach out for any queries, concerns, or banking assistance.