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State Bank of India IFSC Code SBIN0070987

HomeIFSC CodesState Bank of IndiaSBIN0070987

IFSC Code: SBIN0070987

MICR Code: 500002282

SWIFT Code:

Branch: THE PLATINUM POINT,BANJARA

Bank: State Bank of India

Address: HNO8-2-29382L247AA,OFFROADNO12,MLACOLONY,OMEGAHOSPITALLANE,BANJARAHILLS500034BAN

District: MEDAK

State: TELANGANA

Contact: +914023301314

Indian Financial System Code (IFSC): SBIN0070987

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 070987. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 500002282

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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