State Bank of India LAUL IFSC Code, MICR Code - Beed, Maharashtra

State Bank of India LAUL Branch IFSC Code, MICR Code (Beed, Maharashtra). IFSC code is used for NEFT, IMPS and RTGS Transactions.

IFSC Code, MICR Code of State Bank of India LAUL - Beed, Maharashtra

IFSC Code:SBIN0017521
MICR Code:431002340
Branch Code:017521 (Last six characters of IFSC Code represent Branch code)
Address:GRAMPANCHAYAT BUILDING,LAUL,TQ MANJALEGAON,DISTT.BEED.MAHARASHTRA 431131
Branch:LAUL
City:LAUL
District:Beed
State:Maharashtra
Contact No.:

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State Bank of India IFSC Code is SBIN0017521, MICR Code is 431002340, Branch Code is 017521 which is last six characters of IFSC Code, Branch name is LAUL located in GRAMPANCHAYAT BUILDING,LAUL,TQ MANJALEGAON,DISTT.BEED.MAHARASHTRA 431131, LAUL, Beed, Maharashtra, Contact no. is (No. not provided). IFSC code is used for NEFT, IMPS and RTGS Transactions.

Other State Bank of India Branches at Beed, Maharashtra

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What is IFSC Code?

IFSC code is an alphanumeric code stands for Indian Financial System Code, which is uniquely assigned to each bank branch for the main three payment and settlement systems in India:

  1. National Electronic Funds Transfer (NEFT)
  2. Real Time Gross Settlement (RTGS)
  3. Immediate Payment Service (IMPS)

IFSC code is represented by 11 digit character, the first 4 characters of the IFSC code represent the name of the bank, the fifth character is 0 reserved for future use, the last 6 numbers represent the branch code of the bank. The very common use of the IFSC Code is to transfer fund using Internet Banking.


What is MICR Code?

MICR code is short for Magnetic Ink Character Recognition Code is a 9-digit code that identifies the city, bank, and branch, which is found at the bottom of the cheque. With a special machine, MICR codes help faster processing of cheques. MICR code is consists of 3 parts:

  1. The first 3 digits represent the city code, this code is aligned with the PIN code we use for a postal address in India.
  2. The next 3 digits represent the bank code.
  3. The last 3 digits represent the branch code.