SBIN0016870 IFSC Code, STATE BANK OF INDIA, Y RAMAVARAM

IFSC Code of State Bank Of India, Y Ramavaram, Andhra Pradesh IFSC CODE & MICR CODE

STATE BANK OF INDIA, Y RAMAVARAM - SBIN0016870

  • Bank name: STATE BANK OF INDIA

Bank Address: D. No.20 84, Mandal Mahila Samakhya, Besides Mro Office, Y Ramavaram, Distt.east Godavari. Andhra Pradesh 533483

  • IFSC Code sbin0016870
  • Bank Code SBIN
  • Bank name STATE BANK OF INDIA
  • Bank contact number
  • Bank branch Y RAMAVARAM
  • Bank ISO3166 Code IN-AP
  • Bank Center EAST GODAVARI
  • MICR Code 533002762
  • State name ANDHRA PRADESH
  • District name EAST GODAVARI
  • City name Y RAMAVARAM
  • Swift Swift not provided
  • IMPS No
  • NEFT No
  • UPI No
  • RTGS No

What is an IFSC Code?

The Indian Financial System Code (IFSC) is an 11-character alphanumeric code used to uniquely identify a bank branch for online fund transfers. The IFSC code for STATE BANK OF INDIA, Y RAMAVARAM branch is SBIN0016870, ensures that your transactions are directed to the correct branch.

How to Use SBIN0016870 for Transactions?

  • NEFT: Use the IFSC code to transfer funds quickly to accounts in other banks.
  • RTGS: For high-value transactions, the IFSC code ensures your payment is processed instantly.
  • IMPS: The IFSC code allows 24/7 fund transfers, including weekends and holidays.

What is a MICR Code?

The Magnetic Ink Character Recognition (MICR) code is a 9-digit code used for processing paper-based transactions, such as cheques. For the Y RAMAVARAM branch, this code complements the IFSC code for efficient banking operations.

Benefits of Using the Correct IFSC Code

  • Accuracy: Ensures your funds are directed to the right branch.
  • Security: Prevents fraudulent transactions by uniquely identifying each branch.