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AAYAKAR BHAWAN    1 Branches
ADB MACHHIWARA    1 Branches
AGAR NAGAR LUDHIANA    1 Branches
AGAR NAGAR, LUDHIANA    1 Branches
AITIANA    1 Branches
BARDHALA    1 Branches
BASANT AVENUE    1 Branches
BHUTTA    1 Branches
BOPARAI KHURD    1 Branches
BRAHAMPURI, LUDHIANA    1 Branches
CAC LUDHIANA    1 Branches
CCPC, LUDHIANA    1 Branches
DEHLON    1 Branches
DHAMOT    1 Branches
DORAHA    2 Branches
FIELD GANJ, LUDHIANA    1 Branches
G T ROAD JAGRAON    1 Branches
GIASPURA LUDHIANA    1 Branches
GILL ROAD, LUDHIANA    1 Branches
GOINDWAL    1 Branches
GURDEV NAGAR    1 Branches
HALWARA AFS    1 Branches
HAMBRAN ROAD    1 Branches
HANS    1 Branches
HATHUR    1 Branches
HERO NAGAR    1 Branches
HUMBRAN    1 Branches
IKOLAHA    1 Branches
JAGRAON    3 Branches
JALANDHAR BY PASS    1 Branches
JAMALPUR    1 Branches
JANAKPURI    1 Branches
JODHAN    1 Branches
KADDON    1 Branches
KATANI KALAN    1 Branches
KESAR GANJ, LUDHIANA    1 Branches
KHANNA    3 Branches
KHANNA GTR    1 Branches
KHANNA NGM    1 Branches
KHERI    1 Branches
KOHARA    1 Branches
KONKE KALAN    1 Branches
LADHOWAL    1 Branches
LINK ROAD, LUDHIANA    1 Branches
LUDHIANA    2 Branches
LUDHIANA BRSN    1 Branches
LUDHIANA CIVIL LINE    1 Branches
LUDHIANA DARESI ROAD    1 Branches
LUDHIANA DURGI    1 Branches
LUDHIANA GILL ROAD    1 Branches
LUDHIANA H T    1 Branches
LUDHIANA HAIBOWAL    1 Branches
LUDHIANA HOSY    1 Branches
LUDHIANA IND. AREA    1 Branches
LUDHIANA K N    1 Branches
LUDHIANA MAIN    1 Branches
LUDHIANA MILLER GANJ    1 Branches
LUDHIANA SABAN BAZAR    1 Branches
LUDHIANA SALEM TABRI    1 Branches
LUDHIANA SSI    1 Branches
MACHHIWARA    1 Branches
MALAUD    1 Branches
MCLAU LUDHIANA    1 Branches
MODEL TOWN LUDHIANA    1 Branches
MODEL TOWN,LUDHIANA    1 Branches
MULLANPUR    1 Branches
MULLANPUR DHAKA    1 Branches
MUNDIAN KALAN    1 Branches
NARANGWAL    1 Branches
NEW COURTS, LUDHIANA    1 Branches
NRI BRANCH,LUDHIANA    1 Branches
PAKHOWAL    1 Branches
PAU, LUDHIANA    1 Branches
PHULLANWAL    1 Branches
R.B.O. LUDHIANA    1 Branches
RACPC, LUDHIANA    1 Branches
RAEKOT    1 Branches
RAHON ROAD    1 Branches
RAIKOT    1 Branches
RAMPUR    1 Branches
RARA SAHIB    1 Branches
RBO LUDHIANA NON BPR    1 Branches
RNW MILLERGANJ    1 Branches
SADHAR    1 Branches
SAHNEWAL    3 Branches
SAMB, LUDHIANA    1 Branches
SAMRALA    1 Branches
SARABHA    1 Branches
SARC    1 Branches
SBS NAGAR, LUDHIANA    1 Branches
SBS ROAD, LUDHIANA    1 Branches
SEHORA    1 Branches
SHB SUNDERNAGAR    1 Branches
SIDHWAN BET    1 Branches
SOHIAN    1 Branches
SPL COMM CIVIL LINES    1 Branches
SSI BRANCH LUDHIANA    1 Branches
SSI, LUDHIANA    1 Branches
SWADDI    1 Branches
TRADE FINANCE CPC    1 Branches
U.E PHASE-II    1 Branches

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Rate Date : 26/12/24

We found 147 Branches available for STATE BANK OF INDIA, PUNJAB, LUDHIANA

General Information About Bank IFSC & MICR Code


What is an IFSC Code?

IFSC stands for Indian Financial System Code. It's an eleven digits & characters combination unique identifying number. This unique code helps to identify the perticular individual bank branches for smooth online transation such as NEFT, RTGS & IMPS transations. This code is developed by RBI (Reserve Bank of India).


Structure of the IFSC Code

The first four letters of the IFSC Code is bank code, Next one digits is genarally (0) zero & it's reserved for future use & last six digits is an unique identifier no for the particular Financial institution or bank branch.


Example : Breakdown of IFSC Code

A

B

C

D

0

1

2

3

4

5

6

Bank Code

Future Use

Branch Code


What is IFSC code used for?

IFSC Code used for various electronic or online fund transfer such as NEFT, RTGS, IMPS & other online fund transferring etc.


What is MICR Code?

MICR stands for Magnetic Ink Character Recognition technology & this code is developed by RBI (Reserve Bank of India). It's also a nine digits unique identifying number. This unique nine digits MICR code helps to identify the perticular individual bank branches and branch participating in an Electronic Clearing System (ECS).

The MICR code is located on the bottom of a each cheque leaf, next to the cheque number. You can also find it printed on the first page of a bank passbook.


Structure of the MICR Code


Example : Breakdown of MICR Code

1

2

3

4

5

6

7

8

9

City Code

Bank Code

Branch Code


What is MICR code used for?

MICR Code used for various financial transations such as SIP form or for transferring funds.


The given information is as per the guidelines of RBI (Reserve Bank of India)

Payment ServiceNEFTRTGSIMPS
ProcessProcess is based on Deferred Net Settlement (DNS) and the transfer of funds will be carried out in  half-hourly batches starting from 12:30 am to 12:00 amPayment process in which the money is credited in the beneficiary’s bank branch in real-time and on gross basisReal-time and instant interbank fund transfer process, IMPS is considered a secure & faster mode of fund transfer
Minimum Transfer LimitRe.1Rs.2 lakhRe.1
Maximum Transfer LimitNo limitNo limitRs.2 lakh
Operational TimingsAvailable 24x7, 365 days (including bank holidays)7 am to 6 pm on all working daysAvailable 24x7, 365 days (including bank holidays)
Inward Transaction ChargesNo chargesNo chargesDecided by individual member banks and PPIs


FAQ on IFSC & MICR code

Q. Do IFSC codes get changed?
A. Generally no but if the particular bank undergoes any merger or something then only the new IFSC code will be issued by RBI (Reserve Bank of India) & the old one will be deactivated.

Q. How to transfer money using the IFSC code?
A. Using IFSC code transferring funds from one bank to another bank or the same bank different accounts is really a hassle free solution. When you try to transfer funds using online banking such as NEFT, RTGS, IMPS & others method then you need the customer name, bank account no. & the IFSC code.

Q. Is sharing IFSC & MICR code safe?
A. Each Indivitual bank branch's IFSC code & MICR code is matchless and it's essential in India for transferring funds through the online banking. Every bank guarantees the security of the fund transfer & no one may misuse the IFSC code & MICR code for fraud, theft & spaming.

Q. Is IFSC code and branch code is same?
A. No. An IFSC code is an eleven digit alphanumeric unique code issued by RBI(Reserve Bank of India) to identify the each indivitual bank branch. Branch code is a part of of the IFSC code because it's identify a particual bank branch. The last 6 digit of the IFSC code is the branch code & this code is also printed on your first page of your bank passbook.