State Bank of India IFSC Code SBIN0062584

IFSC Code: SBIN0062584

MICR Code: 470002015

SWIFT Code:

Branch: RACC SAUGOR FI AND MM

Bank: State Bank of India

Address: SAGAR BRANCH,GEDAJI COMPLEX, GUJRATI BAZAR,

District: SAUGOR

State: MADHYA PRADESH

Contact: +917552575800

Indian Financial System Code (IFSC): SBIN0062584

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 062584. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 470002015

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.