State Bank of India MADHURAWADA

State Bank of India – MADHURAWADA

IFSC Code: SBIN0004362

MICR Code: 530002035

Branch: MADHURAWADA

Bank: State Bank of India

Address: MADHURAVADA, WARD-5,NR.PANCHAYAT OFFIC,MAIN RD.,VISAKHAPATNAM-530041

District: VISHAKAPATNAM

State: ANDHRA PRADESH

Contact:

Indian Financial System Code (IFSC): SBIN0004362

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 004362. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 530002035

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.