SBIN0062534 IFSC Code, STATE BANK OF INDIA, FIMM RACC SIDDIPET

IFSC Code of State Bank Of India, Fimm Racc Siddipet, Telangana IFSC CODE & MICR CODE

STATE BANK OF INDIA, FIMM RACC SIDDIPET - SBIN0062534

  • Bank name: STATE BANK OF INDIA

Bank Address: 1st Floor, Siddipet Adb Branch, Old Bus Stand, Siddipet 502103

  • IFSC Code sbin0062534
  • Bank Code SBIN
  • Bank name STATE BANK OF INDIA
  • Bank contact number +919553597095
  • Bank branch FIMM RACC SIDDIPET
  • Bank ISO3166 Code IN-TG
  • Bank Center SIDDIPET
  • MICR Code 502002005
  • State name TELANGANA
  • District name SIDDIPET
  • City name SIDDIPET
  • 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, FIMM RACC SIDDIPET branch is SBIN0062534, ensures that your transactions are directed to the correct branch.

How to Use SBIN0062534 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 FIMM RACC SIDDIPET 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.