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State Bank of India IFSC Code SBIN0062568

HomeIFSC CodesState Bank of IndiaSBIN0062568

IFSC Code: SBIN0062568

MICR Code: 457002031

SWIFT Code:

Branch: RACC RATLAM FI AND MM

Bank: State Bank of India

Address: RATLAM BRANCH,MITRA NIWAS ROAD

District: RATLAM

State: MADHYA PRADESH

Contact: +917552575800

Indian Financial System Code (IFSC): SBIN0062568

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 062568. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 457002031

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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