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State Bank of India IFSC Code SBIN0062570

HomeIFSC CodesState Bank of IndiaSBIN0062570

IFSC Code: SBIN0062570

MICR Code: 465002106

SWIFT Code:

Branch: RACC SHAJAPUR FI AND MM

Bank: State Bank of India

Address: SHAJAPUR MAIN BRANCH, NEAR BUS STAND, AB ROAD,

District: SHAJAPUR

State: MADHYA PRADESH

Contact: +917552575800

Indian Financial System Code (IFSC): SBIN0062570

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 062570. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 465002106

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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