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State Bank Of Patiala state wise list of all branches, IFSC code, MICR code and Addresses within India
State Bank of Patiala was founded in 1971 in Patiala, in the state of Punjab, in India. It deals with Banking, Insurance, Capital Markets and allied industries. Its head quarter is located in The Mall, in Patiala. The key people associated with this bank are Smt. Arundhati Bhattacharya who holds the position of Chairman and Shri. S. A. Ramesh Rangan who holds the position of Managing Director. The products that are dealt by this bank are Loans, Savings, Investment vehicles, accounts, deposits and many more. It slogan in the open market is “The nation banks on us”.
State Bank of Patiala is a major associate bank of the State Bank Group. At presently, it has a network of 1314 branches and 1445 service outlets. In the present scenario, this particular bank has made its presence felt in all major cities of India and in the Indian states of Punjab, Rajasthan, Uttar Pradesh, Haryana, Himachal Pradesh, Madhya Pradesh, Delhi, Jammu & Kashmir and Gujarat. This bank meets the personal and professional needs and requirements of its esteemed existing and potential customers in any given situations, circumstances and conditions. In the category of personal banking, corporate banking and NRI service facilities, it offers a wide variety of financial products and its related unique services to its esteemed customers.
State Bank of Patiala Indian Financial System Code (IFSC) is used largely for electronic payment applications like National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), Immediate Payment Service, Centralised Funds Management System (CFMS) and an interbank electronic instant mobile money transfer service (IMPS) that are developed by Reserve Bank of India in a successful manner. This particular code has just eleven characters or "Alpha Numeric" in nature. It is to be remembered that last six characters i.e STBP****** represent branch, fifth character is default "0" left for future use and the initial four characters represent bank.
Banking customers who are looking for SBP Bank IFSC code will be able to find its code without any hassle for electronic transactions. All you need to do is select the state and branch location in order to get the IFSC code for Dhanalakshmi Bank branches in the country. It is to be noted that these particular codes are very significant as they perfectly ensure secure plus quick transactions through the electronic media.
State Bank of Patiala Magnetic Ink Character Recognition code is actually a machine readable code that is largely used for immediately processing and quick clearance of cheques. It is mostly used in order to identify the bank branch to which the cheque actually belongs. On the other hand, when a cheque send for clearing, then this particular code is perfectly read by a magnetic reader and automatically sorted out in a successful manner. MICR technology rightly speeds up the entire process when compared to reading plus sorting it manually. It is to be highly noted that MICR code for SBP Bank is given at the bottom of every cheque leaf.
In the table is given the SBP Bank MICR codes. You can easily narrow down your search either by clicking any particular state and then the branches from the drop down list. This code can be used for your financial transactions which is very important. Banking customers are requested to use MICR code for most of the transactions which needs it as mandatory.