SBIN0050868 IFSC Code, STATE BANK OF INDIA, MADURAI

IFSC Code of State Bank Of India, Madurai, Tamil Nadu IFSC CODE & MICR CODE

STATE BANK OF INDIA, MADURAI - SBIN0050868

  • Bank name: STATE BANK OF INDIA

Bank Address: 109 Vakil New Street Simmakkalmadurai 625001

  • IFSC Code sbin0050868
  • Bank Code SBIN
  • Bank name STATE BANK OF INDIA
  • Bank contact number 2325723
  • Bank branch MADURAI
  • Bank ISO3166 Code IN-TN
  • Bank Center MADURAI
  • MICR Code 625002089
  • State name TAMIL NADU
  • District name MADURAI
  • City name MADURAI
  • 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, MADURAI branch is SBIN0050868, ensures that your transactions are directed to the correct branch.

How to Use SBIN0050868 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 MADURAI 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.