State Bank of India, KOT FATTA, HTN Branch IFSC Code

The IFSC code SBIN0050054 is assigned to State Bank of India, KOT FATTA located in HTN, PUNJAB. This code is required for electronic fund transfers like NEFT, RTGS, and IMPS transactions.

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Bank Details

Bank Name State Bank of India
IFSC Code SBIN0050054
MICR Code 151002037
Branch Code 050054
Branch KOT FATTA
City HTN
District KOTFATTA
State PUNJAB
Address VPO KOT FATTA TEH BATHINDA 151001 Maps
Contact 3437221

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Understanding IFSC and MICR Codes

What is IFSC Code?

IFSC (Indian Financial System Code) is an 11-character alphanumeric code used to identify bank branches in India. It is essential for electronic fund transfers through NEFT, RTGS, and IMPS systems.

SBIN Bank Code
0 Reserved (0)
050054 Branch Code

What is MICR Code?

MICR (Magnetic Ink Character Recognition) is a 9-digit code printed on cheques. It helps in faster processing of cheques through automated reading.

151 City Code
002 Bank Code
037 Branch Code

When to Use These Codes?

  • NEFT Transfer: Use IFSC code for National Electronic Funds Transfer (available 24x7)
  • RTGS Transfer: Use IFSC code for Real Time Gross Settlement (for amounts ≥ ₹2 lakhs)
  • IMPS Transfer: Use IFSC code for Immediate Payment Service (instant transfers)
  • Cheque Processing: MICR code is printed on cheques for automated clearing

Frequently Asked Questions

IFSC Code SBIN0050054 is the Indian Financial System Code assigned to State Bank of India, KOT FATTA branch in HTN, PUNJAB. This 11-character code uniquely identifies this bank branch in India's electronic payment systems.

This branch is located in HTN, KOTFATTA, PUNJAB. The full address is: VPO KOT FATTA TEH BATHINDA 151001

The branch code is 050054. This is the last 6 characters of the IFSC code that uniquely identifies this specific branch of State Bank of India.

This branch supports the following electronic fund transfer services:

  • NEFT - Available
  • RTGS - Available
  • IMPS - Available
  • UPI - Available

The MICR (Magnetic Ink Character Recognition) code for this branch is 151002037. MICR code is a 9-digit code used for processing cheques and is printed on cheque leaves.

To use this IFSC code for fund transfers:

  1. Log in to your bank's internet banking or mobile app
  2. Navigate to fund transfer section (NEFT/RTGS/IMPS)
  3. Enter the beneficiary's account number
  4. Enter IFSC Code: SBIN0050054
  5. Verify the bank and branch details auto-populated
  6. Complete the transfer
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