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SBIN0031859 (previously State Bank of Bikaner and Jaipur (SBBJ) with SBBJ0010859) IFSC Code for State Bank of India (SBI) Mohali branch located at Punjab state, Rupnagar district, Mohali, and branch Address is Sco 4 & 5, Phase 11, Sas Nagar, Mohali, Punjab, Branch Contact numbers 0172-2234600 Branch code is 010859 last six characters of the IFSC Code.
Bank Information

State Bank of India (SBI)
Phone: 1800 425 3800 / 1800 112211 / 080-26599990
email: [email protected]
Web: www.sbi.co.in

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Branch Information Last updated Oct 15, 2017
IFSC: SBIN0031859 (old IFSC SBBJ0010859)
MICR: 160003002
Branch Code: 010859
City: MOHALI
District: RUPNAGAR
State: PUNJAB
Address: SCO 4 & 5, PHASE 11, SAS NAGAR, MOHALI, PUNJAB
Contact: 0172-2234600
Map Location of Mohali, Rupnagar, Punjab
Mohali
Mohali
Mohali
What is IFSC Code SBIN0031859?
IFSC or Indian Financial System Code is an alpha-numeric code that uniquely identifies a bank-branch participating in the NEFT system.
This is an 11 digit code with the first 4 alpha characters representing the bank, and the last 6 characters representing the branch.
The 5th character is 0 (zero).
IFSC is used by the NEFT system to identify the originating / destination banks / branches and also to route the messages appropriately to the concerned banks / branches.

IFSC is 11 alpha numeric characters code assigned by Reserve Bank of India to bank branches for facilitating online money / fund transfer using NEFT, RTGS or ECS between two bank accounts.

  • The code consists of 11 Characters : (SBIN0031859) 11 alpha numeric characters code assigned by Reserve Bank of India to State Bank of India (SBI) Mohali Branch
  • First 4 characters represent the entity (SBIN0010859)
  • Fifth position has been defaulted with a '0' (Zero) for future use (ICIC0010859)
  • Last 6 character denotes the branch identity (ICIC0010859)

What is MICR Code 160003002?
Magnetic ink character recognition (MICR) is a character recognition technology used primarily by the banking industry to facilitate the processing of cheques.
MICR characters are printed in special typefaces with a magnetic ink or toner, usually containing iron oxide. A special machine is used to read these characters, which can be easily read by humans too. The characters are usually printed on the bottom strip of cheque leaf.
This MICR code is used By RBI (Reserve bank Of India) clearing process to identify the branch and bank for clearing processes.
MICR 160003002 is 9 digits code printed on cheques to facilitate and expedite clearance of cheques in banking system.

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