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State Bank of India IFSC Code SBIN0018696

HomeIFSC CodesState Bank of IndiaSBIN0018696

IFSC Code: SBIN0018696

MICR Code: 431002965

SWIFT Code:

Branch: GHATSAVALI

Bank: State Bank of India

Address: POST- GHATSAVALI, TALUK-BEED, DIST. BEED, MAHARASHTRA-431122

District: BID

State: MAHARASHTRA

Contact: +918425800130

Indian Financial System Code (IFSC): SBIN0018696

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 018696. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 431002965

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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