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State Bank of India IFSC Code SBIN0016024

HomeIFSC CodesState Bank of IndiaSBIN0016024

IFSC Code: SBIN0016024

MICR Code: 530002080

SWIFT Code:

Branch: MITHILAPURI COLONY ROAD,MADHURAWADA

Bank: State Bank of India

Address: GROUND FLOOR, D.NO.1 173/5, ANNAPURNA ARCADE, MITHILAPURI COL. ROAD, MADHURAWADA, VISAKHAPATNAM. ANDHRA PRADESH 530041

District: VISAKHAPATNAM

State: ANDHRA PRADESH

Contact:

Indian Financial System Code (IFSC): SBIN0016024

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 016024. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 530002080

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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