IFSC Code: SBIN0012214
MICR Code: 416002535
Branch: SAWARDE
Bank: State Bank of India
Address: BAZAR PETH,SAWARDE415606
District: SINDUDURG
State: MAHARASHTRA
Contact:
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State Bank of India SAWARDE
Indian Financial System Code (IFSC): SBIN0012214
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 012214. The last six characters denote the specific bank branch.
MICR Code (Magnetic Ink Character Recognition): 416002535
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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