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 Ajnala Road Amritsar Amritsar Branch IFSC/MICR Code Details
Bank Name STATE BANK OF INDIA
Address AJNALA ROAD,DISTAMRITSAR143006
State PUNJAB
District AMRITSAR
Branch AJNALA ROAD AMRITSAR
IFSC Code SBIN0011895
Branch Code 011895 (Last six characters of IFSC code represent Branch code.)
MICR Code 143002998
Contact Phone 0
via https://bankingzone.in/ifsc

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