TheBankCodes.com

State Bank of India - BALGANUR

Details about the IFSC1 SBIN0020216:

Bank: State Bank of India
Bank Branch: BALGANUR (IN-KA)
Country: India
District/State: RAICHUR / KARNATAKA
City: RAICHUR
Contact: +918535258622
IFSC:1 SBIN0020216
MICR:2 584002205




1) An IFSC code (Indian Financial System Code) is a unique 11-digit alphanumeric code used to identify bank branches participating in electronic fund transfers like NEFT, RTGS, and IMPS.

2) Magnetic ink character recognition code, known in short as MICR code, is a character recognition technology used mainly by the banking industry to streamline the processing and clearance of cheques and other documents.