State Bank of India MACHAREDDY IFSC Code, MICR Code, Contact No. - Nizamabad, Andhra Pradesh

State Bank of India MACHAREDDY Branch IFSC Code, MICR Code (Nizamabad, Andhra Pradesh). IFSC code is used for NEFT, IMPS and RTGS Transactions.

IFSC Code, MICR Code, Contact No. of State Bank of India MACHAREDDY - Nizamabad, Andhra Pradesh

IFSC Code:SBIN0020531
MICR Code:503002643
Branch Code:020531 (Last six characters of IFSC Code represent Branch code)
Address:HREYXROSPOSTNLVIKREYNIZBIST
Branch:MACHAREDDY
City:NIZAMABAD
District:Nizamabad
State:Andhra Pradesh
Contact No.:8468-252140

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State Bank of India IFSC Code is SBIN0020531, MICR Code is 503002643, Branch Code is 020531 which is last six characters of IFSC Code, Branch name is MACHAREDDY located in HREYXROSPOSTNLVIKREYNIZBIST, NIZAMABAD, Nizamabad, Andhra Pradesh, Contact no. is 8468-252140. IFSC code is used for NEFT, IMPS and RTGS Transactions.

Other State Bank of India Branches at Nizamabad, Andhra Pradesh

Select branch to view IFSC Code, MICR Code, Contact No. and Address

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What is IFSC Code?

IFSC code is an alphanumeric code stands for Indian Financial System Code, which is uniquely assigned to each bank branch for the main three payment and settlement systems in India:

  1. National Electronic Funds Transfer (NEFT)
  2. Real Time Gross Settlement (RTGS)
  3. Immediate Payment Service (IMPS)

IFSC code is represented by 11 digit character, the first 4 characters of the IFSC code represent the name of the bank, the fifth character is 0 reserved for future use, the last 6 numbers represent the branch code of the bank. The very common use of the IFSC Code is to transfer fund using Internet Banking.


What is MICR Code?

MICR code is short for Magnetic Ink Character Recognition Code is a 9-digit code that identifies the city, bank, and branch, which is found at the bottom of the cheque. With a special machine, MICR codes help faster processing of cheques. MICR code is consists of 3 parts:

  1. The first 3 digits represent the city code, this code is aligned with the PIN code we use for a postal address in India.
  2. The next 3 digits represent the bank code.
  3. The last 3 digits represent the branch code.