Bank Branch Details
| Bank Name | State Bank of India |
| Branch Name | MAGAM BUDGAM |
| IFSC Code | SBIN0015981 |
| MICR Code | 191002002 |
| City | BUDGAM |
| District | MAGAM |
| State | JAMMU AND KASHMIR |
| Address | HYDERIYA SHOPPING COMPLEX, GULMARG ROAD, MAGAM, DISTT. BUDGAM. JAMMU AND KASHMIR 193401 |
| Contact | |
| NEFT | Available |
| RTGS | Available |
| IMPS | Available |
| UPI | Available |
What is IFSC Code
IFSC stands for Indian Financial System Code. It is a unique 11-character code assigned by the Reserve Bank of India (RBI) to identify every bank branch participating in the NEFT system in India.
- The first four characters (SBIN) identify the bank.
- The fifth character (0) is reserved and usually zero.
- The last six characters (015981) identify the branch.
For example, SBIN0015981 is the IFSC code for State Bank of India MAGAM BUDGAM branch in BUDGAM. This IFSC code is used for NEFT, RTGS, IMPS and online banking transactions.
