State Bank of India IFSC Code SBIN0020977

IFSC Code: SBIN0020977

MICR Code: 518002018

SWIFT Code:

Branch: MUNICIPAL COMPLEX

Bank: State Bank of India

Address: 3126MUNICIPALCOMPLEXNRPETAKURNOOLKURNOOL

District: KURNOOL

State: ANDHRA PRADESH

Contact: +918518227660

Indian Financial System Code (IFSC): SBIN0020977

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 020977. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 518002018

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.