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State Bank of India IFSC Code SBIN0016524

HomeIFSC CodesState Bank of IndiaSBIN0016524

IFSC Code: SBIN0016524

MICR Code: 500002208

SWIFT Code:

Branch: M L A COLONY BRANCH

Bank: State Bank of India

Address: 8 2 293/82/L/275/A/B/1 8 2 293/82/L/275/A/B/1, VENKATESWARA COOP HOUSE BUILDING SOCIETY FOR AP LEGISLATORS ROAD 12, M L A COLONY, BANJARA HILLS, HYDERABAD, DISTT. HYDERABAD. ANDHRA PRADESH 500034

District: HYDERABAD

State: ANDHRA PRADESH

Contact:

Indian Financial System Code (IFSC): SBIN0016524

The IFSC is an 11-character alphanumeric code used to identify bank branches in India for electronic payment systems such as RTGS, NEFT, IMPS, and CFMS (managed by the Reserve Bank of India).

  • The first four characters represent the bank name.
  • The fifth character is always ‘0’ and is reserved for future use.
  • Branch Code 016524. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 500002208

The MICR code is a unique code printed on cheques using magnetic ink. It helps in the secure and faster processing and clearance of cheques by identifying the bank and branch.

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