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ADB NAIDUPET    1 Branches
ADB PODALAKUR    1 Branches
ALLIPURAM    1 Branches
ALLUR    2 Branches
ATMAKUR    1 Branches
ATMAKUR ADB    1 Branches
B V NAGAR NELLORE    1 Branches
BHUCHIREDDYPALEM    1 Branches
BITRAGUNTA    1 Branches
BUCHIREDDYPALEM    1 Branches
CAC, NELLORE    1 Branches
CHEJERLA    1 Branches
CHEMUDUGUNTA    1 Branches
CHENNUR    1 Branches
CHILDRENS PARK    1 Branches
CHINNA BAZAR NELLORE    1 Branches
CHINTAVARAM    1 Branches
DARGAMITTA    1 Branches
DUTTALURU    1 Branches
FATHEKHANPET    1 Branches
GUDUR    2 Branches
GUDUR TOWN    1 Branches
INAMADUGU    1 Branches
INDUKURPET    1 Branches
KALICHEDU    1 Branches
KALIGIRI    1 Branches
KALUVOY    1 Branches
KAVALI    2 Branches
KOTA    1 Branches
KOVUR    1 Branches
KRISHNAPATNAM PORT    1 Branches
MANUBOLU    1 Branches
MENAKURU    1 Branches
MSME NELLORE    1 Branches
MUTHUKUR    2 Branches
MYPAUD    1 Branches
NAIDUPET    1 Branches
NARUKURU    1 Branches
NELATUR    1 Branches
NELLORE    2 Branches
NELLORE TOWN    1 Branches
NORTH RAJUPALEM    2 Branches
PADMAVATHI CENTRE    1 Branches
PBB NELLORE    1 Branches
PEDARAVEEDU    1 Branches
PEDURU    1 Branches
PODALAKUR    1 Branches
RACPC, NELLORE    1 Branches
RAMALINGAPURAM    1 Branches
RAPUR    1 Branches
RCPC NELLORE    1 Branches
RCPC, GUDUR    1 Branches
SANGAM    1 Branches
SBIINTOUCH, NELLORE    1 Branches
SME BRANCH, NELLORE    1 Branches
SMECCCSAR WING    1 Branches
SOMASILA    1 Branches
SULLURPET    2 Branches
TADA    1 Branches
THOTAPALLI GUDUR    1 Branches
TRUNK ROAD, NELLORE    1 Branches
VEDAYAPALEM    1 Branches
VEDAYAPALEM NELLORE    1 Branches
VENKATACHALAM    1 Branches
VENKATAGIRI    1 Branches
VIDYANAGARVAKADU    1 Branches
VINJAMUR ADB    1 Branches
VMC NELLORE    1 Branches
YETURU    1 Branches

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Rate Date : 25/11/24

We found 82 Branches available for STATE BANK OF INDIA, ANDHRA PRADESH, NELLORE

General Information About Bank IFSC & MICR Code


What is an IFSC Code?

IFSC stands for Indian Financial System Code. It's an eleven digits & characters combination unique identifying number. This unique code helps to identify the perticular individual bank branches for smooth online transation such as NEFT, RTGS & IMPS transations. This code is developed by RBI (Reserve Bank of India).


Structure of the IFSC Code

The first four letters of the IFSC Code is bank code, Next one digits is genarally (0) zero & it's reserved for future use & last six digits is an unique identifier no for the particular Financial institution or bank branch.


Example : Breakdown of IFSC Code

A

B

C

D

0

1

2

3

4

5

6

Bank Code

Future Use

Branch Code


What is IFSC code used for?

IFSC Code used for various electronic or online fund transfer such as NEFT, RTGS, IMPS & other online fund transferring etc.


What is MICR Code?

MICR stands for Magnetic Ink Character Recognition technology & this code is developed by RBI (Reserve Bank of India). It's also a nine digits unique identifying number. This unique nine digits MICR code helps to identify the perticular individual bank branches and branch participating in an Electronic Clearing System (ECS).

The MICR code is located on the bottom of a each cheque leaf, next to the cheque number. You can also find it printed on the first page of a bank passbook.


Structure of the MICR Code


Example : Breakdown of MICR Code

1

2

3

4

5

6

7

8

9

City Code

Bank Code

Branch Code


What is MICR code used for?

MICR Code used for various financial transations such as SIP form or for transferring funds.


The given information is as per the guidelines of RBI (Reserve Bank of India)

Payment ServiceNEFTRTGSIMPS
ProcessProcess is based on Deferred Net Settlement (DNS) and the transfer of funds will be carried out in  half-hourly batches starting from 12:30 am to 12:00 amPayment process in which the money is credited in the beneficiary’s bank branch in real-time and on gross basisReal-time and instant interbank fund transfer process, IMPS is considered a secure & faster mode of fund transfer
Minimum Transfer LimitRe.1Rs.2 lakhRe.1
Maximum Transfer LimitNo limitNo limitRs.2 lakh
Operational TimingsAvailable 24x7, 365 days (including bank holidays)7 am to 6 pm on all working daysAvailable 24x7, 365 days (including bank holidays)
Inward Transaction ChargesNo chargesNo chargesDecided by individual member banks and PPIs


FAQ on IFSC & MICR code

Q. Do IFSC codes get changed?
A. Generally no but if the particular bank undergoes any merger or something then only the new IFSC code will be issued by RBI (Reserve Bank of India) & the old one will be deactivated.

Q. How to transfer money using the IFSC code?
A. Using IFSC code transferring funds from one bank to another bank or the same bank different accounts is really a hassle free solution. When you try to transfer funds using online banking such as NEFT, RTGS, IMPS & others method then you need the customer name, bank account no. & the IFSC code.

Q. Is sharing IFSC & MICR code safe?
A. Each Indivitual bank branch's IFSC code & MICR code is matchless and it's essential in India for transferring funds through the online banking. Every bank guarantees the security of the fund transfer & no one may misuse the IFSC code & MICR code for fraud, theft & spaming.

Q. Is IFSC code and branch code is same?
A. No. An IFSC code is an eleven digit alphanumeric unique code issued by RBI(Reserve Bank of India) to identify the each indivitual bank branch. Branch code is a part of of the IFSC code because it's identify a particual bank branch. The last 6 digit of the IFSC code is the branch code & this code is also printed on your first page of your bank passbook.