What is an IFSC code?


Indian Financial System Code (IFSC). It is used for electronic payment applications like Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT), Immediate Payment Service, an interbank electronic instant mobile money transfer service (IMPS), and Centralised Funds Management System (CFMS) developed by Reserve Bank of India (RBI). The code has eleven characters "Alpha Numeric" in nature. First four characters represent bank, fifth character is default "0" left for future use and last six characters represent branch.

What is a MICR code?
MICR Code: Magnetic Ink Character Recognition as printed on cheque book to facilitate the processing of cheques.

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State Bank Of India Grasim Cement, Rawan Raipur Branch IFSC/MICR Code Details
Bank Name STATE BANK OF INDIA
Address VILLAGE RAWAN, DISTT RAIPUR PIN 493196
State CHANDIGARH
District RAIPUR
Branch GRASIM CEMENT, RAWAN
IFSC Code SBIN0010150
Branch Code 010150 (Last six characters of IFSC code represent Branch code.)
MICR Code 493002482
Contact Phone 0
via https://bankingzone.in/ifsc

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