State Bank of India IFSC Code SBIN0020893

IFSC Code: SBIN0020893

MICR Code: 505002015

SWIFT Code:

Branch: ASHOK NAGAR

Bank: State Bank of India

Address: N63317PEDDAPALLYCRSSRADASKNAGARKARIMNAGAR

District: KARIM NAGAR

State: ANDHRA PRADESH

Contact: +918782200014

Indian Financial System Code (IFSC): SBIN0020893

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 020893. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 505002015

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.