State Bank of India IFSC Code SBIN0062583

IFSC Code: SBIN0062583

MICR Code: 470002059

SWIFT Code:

Branch: RACC DAMOH FI AND MM

Bank: State Bank of India

Address: PREMISES OF RBO, IN FRONT OF GOVT. POLYTECHNIC COLLEGE, JABALPUR DAMOH ROAD,DISTT. DAMOH M.P

District: DAMOH

State: MADHYA PRADESH

Contact: +917552575800

Indian Financial System Code (IFSC): SBIN0062583

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 062583. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 470002059

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.