IFSC Code: SBIN0062532
MICR Code: 507002045
SWIFT Code:
Branch: FIMM RACC KOTHAGUDEM
Bank: State Bank of India
Address: 1ST FLOOR, PALONCHA ROAD, SASTRY ROAD, PALANCHA
District: KOTHAGUDEM
State: TELANGANA
Contact:
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State Bank of India IFSC Code SBIN0062532
Indian Financial System Code (IFSC): SBIN0062532
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 062532. The last six characters denote the specific bank branch.
MICR Code (Magnetic Ink Character Recognition): 507002045
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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