TheBankCodes.com

State Bank of India - RAIDURG

Details about the IFSC1 SBIN0020540:

Bank: State Bank of India
Bank Branch: RAIDURG (IN-AP)
Country: India
District/State: RANGA REDDY / ANDHRA PRADESH
City: RANGA REDDY
Contact: +914023563315
IFSC:1 SBIN0020540
MICR:2 500002347




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.