IFSC Code of State Bank Of India, Andhra Pradesh, Medak, Gajwel

SBIN0020102

State Bank Of India

State Bank Of India

IFSC Code

SBIN0020102
MICR Code

502002605
Bank Name State Bank Of India
District Medak
State Andhra Pradesh
Address Ea Sr
Phone +918454232323

UPI

Available

NEFT

Available

RTGS

Available

IMPS

Available

IFSC Code of the State Bank Of India Branch Near You

List of all State Bank Of India Branch IFSC Code

Adb NarsaPur

SBIN0004720

DIST MEDAK, ANDHRA PRADESH 502313
Adb Toopran

SBIN0006649

MAIN ROAD, T MEDAK, ANDHRA PRADESH 502334
Afa Township Dundigal

SBIN0002687

HYDERABAD, DISTT. MEDAK, ANDHRA PRADESH 500 043
Alladurg

SBIN0005650

DIST MEDAK, A P 502269
AshokNagar

SBIN0018640

KANUKUNTA,ASHOKNAGAR,RCPURAM MANADAL, DISTT.MEDAK. ANDHRA PRADESH-502032
Burugupally Fi

SBIN0021550

HNO2 92 S BURUGUPALYY VILLAGEMEDAK MANDAL MEDAK DISTRICT ANDHRA PRADESH
Cheekode Financial Inclusion Br

SBIN0021551

DWACRA BUILDINGCHEEKODE VILLAGE DUBBAK MANDALMEDAK DISTRICT ANDHRA PRADESH
Chegunta

SBIN0004722

CHEGUNTA
Devnur

SBIN0006633

REGODE MANDAL, DT MEDAK, A P 502269
Digwal

SBIN0006634

MEDAK, ANDHRA PRADESH 502321
Dubbak

SBIN0020275

UEISTIT
Eddumailaram

SBIN0020537

GREYTQMEKIT
Gajwel Adb

SBIN0006221

DISTMEDAK ANDHRA PRADESH 502278
Gummadidala

SBIN0006629

DIST MEDAK, ANDHRA PRADESH 502313
Hatnoora

SBIN0020675

U SPUS EK
Hyderabad Roadsiddipet

SBIN0017194

PLOT 90 109NO1305 GP PRASANTH NAGAR HYDERABAD ROADSIDDIPETDISTTMEDAKANDHRA PRADESH502103
Icrisat

SBIN0020106

AAEUEASEA
Iit Kandi

SBIN0014182

NH 7 KANDI VILLAGE,SANGAREDDY MANDAL,MEDAK DISTRICT,ANDHRA PRADESH 502285
Ismailkhanpet

SBIN0020625

L GYII K
JagdevPur

SBIN0004698

DIST MEDAK, A P 502281
Jogipet

SBIN0020097

NOITQMEKISTRICT
Jogipet

SBIN0003729

NO.9 BY 60 BHAGATH SINGH ROAD, NAMDEV RAO TANDLE BLDG., DISTT. MEDAK 502270
Kakatiya Nagar Branch

SBIN0015918

PLOT NO 58, ROAD NO 2, KAKATIYA NAGAR, RAMACHANDRAPURAM, MEDAK DIST ANDHRA PRADESH 502032
Kalher Vb

SBIN0005651

KALHER MANDAL, DISTT MEDAK, A P 502371
Kallakal

SBIN0021262

N4951N7KALLAKALVILLAGETPRANMANDALMEDAKDIST
Kandi

SBIN0005648

8 88 BY 1, KANDI VILLAGE, T MEDAK, ANDHRA PRADESH 502285
Kodakondla

SBIN0020447

AWLTQMDAKDIST
Kohir

SBIN0020103

EA SR
Kollur

SBIN0014235

H.NO. 4-91, KOLLUR VILLAGE, RAMACHANDRAPURAM MANDAL, MEDAK DISTRICT, ANDHRA PRADESH - 502 032.
Kowdipally

SBIN0006630

MEDAK, ANDHRA PRADESH 502316
Lig Colony R C Puram

SBIN0021285

HLLIGCOLONYHLHOUSINGSOCITYRAMACHANDRAPURAMMDAKDIST
Manoor

SBIN0014155

SURVEY NO 123 E MANOOR VILLAGE,MANOOR MANDAL,MEDAK DISTRICT,A P 502286
Medak

SBIN0020098

9CMEDAKMAINROADMEDAK
Medak

SBIN0011985

CSITA,MEDAK DIOCESE,CSI,CATHEDRAL COMPUND,MEDAK 502110
Medak Adb

SBIN0020274

PUEAKTRT
Mittapally Financial Inclusion Br

SBIN0021552

HNO4 42 REDDY SANGAM BHAVANMITTAPALLY VILLAGESIDDIPET MANDAL MEDAK DISTRICT ANDHRA PRADESH
Mulugu

SBIN0007882

VIA PAMULAPARTHY POST, MULUGU MANDAL, T MEDAK, ANDHRA PRADESH 502279
Munipally

SBIN0009500

VIA KAMKOLE, T MEDAK, ANDHRA PRADESH 502345
Muthangi

SBIN0006153

MEDAK, ANDHRA PRADESH 502330
Narayankhed

SBIN0020104

AAAHDMADALMDADISTICT
Narayankhed Adb

SBIN0006675

DIST MEDAK, ANDHRA PRADESH 502286
NarsaPur

SBIN0020105

SPUTLUQMEDKDISTICT
Narsingi

SBIN0005649

CHEGUNTA MANDAL, T MEDAK, A P 502248
New Collectorate Complex

SBIN0021217

I8APHBPHASEIIAINROADOPPNEWCOLLECTORATECOPLEXPOTHIREDDYPALLISANAREDDYEDAKDIST
Nizampet

SBIN0006631

NARAYANKHED TALUQ, DISTT MEDAK, A P 502371
NizamPur

SBIN0006632

SADASHIVPET MANDAL, DISTT. MEDAK, ANDHRA PRADESH 502291
Nyalkal

SBIN0006524

NYALKAL MANDAL MEDAK DISTRICT ANDHRA PRADESH 502256
Pashmylaram

SBIN0021800

LTN287AHASE3INDUSTRIALARKASHAMYLARAM
PastaPur Zaheerabad

SBIN0021508

NEAR PASTAPUR X ROADRANJHOLE POST ZAHEERA BAD MANDALMEDAK DISTRICT ANDHRA PRADESH
Patancheru

SBIN0018788

SUSHEERAM COMPLEX, SRINAGAR COLONY, PATANCHERU, DIST.MEDAK, ANDHRA PRADESH-502319
RamachandraPuram RcPuram

SBIN0020075

HLTOWNSHIPRAMCHANDRAPURAMHYDRAAD
Ramayampet

SBIN0020504

AAAEEAS
Rangampet

SBIN0020508

GMPTTMPLSTTMDKDIST
Revenue Colony Branch

SBIN0015519

PLOT NO.5, BY PASS ROAD, SANGAREDDY, MEDAK DIST PIN 502 101
Sadashivpet

SBIN0020099

00NH9MAINROADSADASIVPETMEDAK
Sadasivpet Adb

SBIN0006620

DIST MEDAK, ANDHRA PRADESH -502291
Sangareddy

SBIN0020107

ANROADSANGAREDDYEDAKDSTRCTEDAK
Sangareddy

SBIN0003478

DIST MEDAK, ANDHRA PRADESH PIN 502001
Shankarampet

SBIN0020271

NOETQMEKISTRICT
Shankarampet

SBIN0006628

DISTMEDAK ANDHRA PRADESH 502248
Siddipet

SBIN0020100

RSFFICEMINURASIIETMEAK
Siddipet

SBIN0004723

MANGAMMA THOTA, NEAR MUNISIF COURT, SIDDIPET, MEDAK AP502 103
Siddipet Adb

SBIN0005881

NEAR OLD BUST STAND DISTT MEDAK ANDHRA PRADESH 502103
SirgaPur

SBIN0020445

AHRMANDAMDADIST
TellaPur

SBIN0013071

4 TH LANE VIDYUTH NAGAR,TELLAPUR,RAMACHANDRA PURAM MANDAL MEDAK DISTRICT
Thogutta

SBIN0021622

N1ANRADTGUTTAEDAKDST
Togurpalle

SBIN0015399

H.NO. 5 74, TOGURPALLE VILLAGE, KONDAPUR MANDAL,MEDAK DISTRICT, ANDHRA PRADESH 502 306
Vergal (wargal Vb)

SBIN0004821

VIA PAMULAPARTHY, T MEDAK, ANDHRA PRADESH 502279
Zaheerabad

SBIN0020101

ANROADBESDESTARHOTELZAHEERABADEDAK
Zaheerabad

SBIN0007951

MEDAK DT A P PIN 502220

What is an IFSC Code?

The Indian Financial System Code (IFSC) is an 11-character alphanumeric code issued by the Reserve Bank of India to every bank branch in India. This code is used to uniquely identify each branch and facilitates easy electronic payments. In the Indian banking system, the IFSC code is essential for smooth electronic transactions like NEFT, RTGS, and IMPS. Each IFSC code is specifically assigned to a branch, making it easily identifiable and ensuring every transaction is executed perfectly.

IFSC Code Structure

The IFSC code is an 11-character code that follows the structure below:

  • First Four Characters: Alphabets indicating the bank's name. In "BANK0123456," "BANK" signifies the bank.
  • Fifth Character: This is always '0' (zero), reserved for future use to ensure flexibility.
  • Last Six Characters: Either alphabets or numbers characterizing the specific branch of the bank.

Example: In the IFSC code "SBIN0016654," "SBIN" identifies the bank, and "016654" identifies the branch. This unique format makes every branch easily identifiable.

How to Obtain the IFSC Code

Finding an IFSC code is easy. Here are a few methods:

  • Cheque Book: Look at the upper-left section of the cheque leaves issued by the bank for your IFSC code.
  • Bank Passbook: The IFSC code is also provided on the first page of the bank passbook given when you open an account.
  • Official Website of the Bank: Nearly all banks offer an online search facility where you can find the IFSC code of their branches.
  • Online Banking Portals: Within online banking services, you can find the IFSC code for your branch or any other.
  • Mobile Banking Apps: Most banking apps have an option for branch details, where you can check the IFSC code.
  • RBI Website: The Reserve Bank of India maintains a comprehensive list of all banks and their branches with their respective IFSC codes.
  • Third-Party Websites: Some third-party websites that offer fund transfer services provide the IFSC code based on the bank and branch name.

Why is the IFSC Code Important in Fund Transfers?

The IFSC code is crucial for various electronic fund transfers. Here’s how it is used in different payment systems:

  • NEFT (National Electronic Funds Transfer): IFSC Codes facilitate the transfer of funds from one bank account to another in India, ensuring transactions are forwarded to the right bank and branch smoothly and without mistakes.
  • RTGS (Real-Time Gross Settlement): For high-value transactions, the IFSC code ensures secure and instant monetary transfers through real-time gross settlement.
  • IMPS (Immediate Payment Service): The IFSC code enables instant fund transfers, especially between different banks. IMPS operates 24/7, and the IFSC code ensures the transaction is directed to the correct branch instantly.
  • Error Prevention: Using the correct IFSC code reduces the chance of remitting money to the wrong account due to an incorrectly entered IFSC code. It acts as a control checkpoint to ensure the transaction is being sent to the intended recipient's bank branch.

What is the Use of an IFSC Code?

The IFSC code has numerous uses within the banking system:

  • Enable Electronic Transfers: IFSC codes are essential for electronic transactions such as NEFT, RTGS, and IMPS. No transaction can be made without this code.
  • Unique Identification of Bank Branch: Every IFSC code uniquely identifies a particular bank branch to ensure transactions reach the right destination.
  • Ensures Risk-Free Transactions: The IFSC code ensures that money reaches the correct bank and branch, eliminating errors in the transaction process.
  • Enables Online Banking: IFSC codes are crucial when adding a new beneficiary in online banking systems, ensuring the correct routing of funds.

Importance of Loan and Interest Calculator

Calculators are indispensable tools for financial planning, helping users make informed decisions. Here are some of the most commonly used types:

Loan Calculators

  • Loan Calculator Vehicle: Helps determine monthly payments for vehicle loans.
  • Loan Calculator 30 Year: Calculates monthly payments for a 30-year loan term.
  • Loan Calculator Yearly Payment: Provides an annual breakdown of loan payments.
  • Loan Calculator VA: Tailored for VA loans, assisting veterans in calculating their mortgage payments.

EMI Calculators

  • EMI Calculator for Home Loan: Calculates the Equated Monthly Installment (EMI) for home loans.
  • EMI Calculator US: Designed for users in the US to compute their home loan EMIs.
  • EMI Calculator on Home Loan: Another tool for calculating home loan EMIs, ensuring accurate monthly payment estimates.

Interest Calculators

  • Interest calculator yearly: Calculates the annual interest on loans or investments.

SIP Calculators

  • SIP Calculator India: Designed for Indian investors to calculate returns on Systematic Investment Plans (SIPs).
  • SIP Calculator Return: Estimates the returns on SIP investments.
  • SIP Calculator Mutual Fund: Calculates potential returns from mutual fund SIPs.
  • SIP Calculator Months: Provides monthly breakdowns of SIP investments.
  • SIP Calculator Online: An online tool for calculating SIP returns.
  • SIP Calculator Yearly: Offers yearly projections of SIP returns.

PPF Calculators

  • PPF Calculator India: Calculates returns on Public Provident Fund (PPF) investments in India.
  • PPF Generator: Generates detailed reports on PPF investments.
  • PPF Calculator 15 years: Estimates returns over a 15-year period.
  • PPF Calculator 30 years: Projects returns over a 30-year period

Conclusion

The IFSC code is a vital part of the Indian banking world, ensuring safe and easy online fund transfers. Whether you are doing NEFT, RTGS, or IMPS, the IFSC code ensures that your money reaches its intended destination. It is also significant in handling cheques, where the MICR code plays an important role. Together, these codes are crucial in enabling the smooth operation of banking transactions. Understanding their importance and correct use is indispensable for anyone dealing with electronic transactions in India.

Frequently Asked Questions

The IFSC code ensures the correct routing of electronic fund transfers to the concerned bank's particular branch, reducing errors and making transactions secure.

The IFSC code can be found on the bank's checkbook, passbook, official website, RBI website, or mobile banking application.

No, different branches of every bank have different IFSC codes to identify each branch correctly for internet-based transactions.

If you enter the wrong IFSC code while transferring funds, the transaction may be declined or sent to the wrong bank. Immediately contact your bank to rectify the issue.

The IFSC code comprises 11 characters: the first four characters represent the bank, the fifth is '0', and the remaining six describe the specific branch.

No, the IFSC code is designed for domestic electronic fund transfers in India. International transactions are made using SWIFT codes.

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