State Bank of India IFSC Code SBIN0016850

IFSC Code: SBIN0016850

MICR Code: 524002017

SWIFT Code:

Branch: TRUNK ROAD, NELLORE

Bank: State Bank of India

Address: D.NO.16 1 168,SADHU BUILDINGS,JONNALAGADDA VARI STREET,NELLORE.ANDHRA PRADESH 524001

District: NELLORE

State: ANDHRA PRADESH

Contact:

Indian Financial System Code (IFSC): SBIN0016850

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 016850. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 524002017

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.