State Bank of India IDA BOLARUM IFSC Code, MICR Code, Contact No. - Medak, Telangana

State Bank of India IDA BOLARUM Branch IFSC Code, MICR Code (Medak, Telangana). IFSC code is used for NEFT, IMPS and RTGS Transactions.

IFSC Code, MICR Code, Contact No. of State Bank of India IDA BOLARUM - Medak, Telangana

IFSC Code:SBIN0018062
MICR Code:502002742
Branch Code:018062 (Last six characters of IFSC Code represent Branch code)
Address:PLOTNO56, OPPOSITE GANESH WEIGH BRIDGE, IDA BOLARUM, JINNRAM MANDAL, MEDAK ANDHRA PRADESH502325
Branch:IDA BOLARUM
City:MEDAK
District:Medak
State:Telangana
Contact No.:22-8143439922

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State Bank of India IFSC Code is SBIN0018062, MICR Code is 502002742, Branch Code is 018062 which is last six characters of IFSC Code, Branch name is IDA BOLARUM located in PLOTNO56, OPPOSITE GANESH WEIGH BRIDGE, IDA BOLARUM, JINNRAM MANDAL, MEDAK ANDHRA PRADESH502325, MEDAK, Medak, Telangana, Contact no. is 22-8143439922. IFSC code is used for NEFT, IMPS and RTGS Transactions.

Other State Bank of India Branches at Medak, Telangana

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

ANNARAMBEERAMGUDACHINTAMADAKAGAVVALAPALLYIDA BOLARUMKOTHAPALLYSULTANPURTHE PLATINUM POINT,BANJARA

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.