State Bank of India IFSC Code SBIN0016374

IFSC Code: SBIN0016374

MICR Code: 400002319

SWIFT Code:

Branch: KHANDESWAR

Bank: State Bank of India

Address: SHOP NOS.24 TO 28, GROUND FLOOR, BHAGWATI HERITAGE, PLOT NO. 29 SECTOR 21, KAMOTHE, NAVI MUMBAI, MAHARASHTRA 400 705

District: RAIGAD

State: MAHARASHTRA

Contact:

Indian Financial System Code (IFSC): SBIN0016374

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 016374. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 400002319

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.