State Bank of India Palamedu Branch IFSC Code: SBIN0002247
Branch Code: 002247 | PALAMEDU, PALAMEDU, Tamil Nadu
The official Indian Financial System Code (IFSC) for State Bank of India, Palamedu branch in PALAMEDU, Tamil Nadu is SBIN0002247. The MICR code for cheque clearance is 625002037.
Branch Fact Sheet & Electronic Routing Details
- Bank Name
- State Bank of India
- Branch Name
- PALAMEDU
- MICR Code
- City / District
- PALAMEDU (PALAMEDU)
- State
- Tamil Nadu
- Postal Pincode
- 625503
NADAR STREET, DISTT. MADURAI, TAMIL NADU 625503, Pincode: 625503
Banks Open Per Published Schedule
Earn up to 7% p.a. on Fixed Deposits
Senior citizens receive an additional premium up to 7.5% p.a.
Local Financial Pulse: PALAMEDU, Tamil Nadu
How to Read IFSC Code: SBIN0002247
An Indian Financial System Code (IFSC) is a unique 11-character alphanumeric code assigned by the Reserve Bank of India to identify bank branches for electronic payment systems.
First 4 alphabetic characters identify State Bank of India.
5th character is always numeral '0', reserved for future use.
Last 6 alphanumeric characters identify the specific physical branch.
Payment Systems Supported by this IFSC Code
| Payment System | Settlement Time | Minimum Amount | Availability | Ideal For |
|---|---|---|---|---|
| NEFT (National Electronic Funds Transfer) | Half-hourly batches | ₹1 (No minimum) | 24x7x365 | Routine bills, small & medium transactions |
| RTGS (Real Time Gross Settlement) | Real-time instant | ₹2,00,000 | 24x7x365 | High-value urgent financial transfers |
| IMPS (Immediate Payment Service) | Immediate | ₹1 (Max ₹5 Lakh) | 24x7x365 | Instant mobile banking & emergency transfers |
Frequently Asked Questions: State Bank of India (SBIN0002247)
Which bank does IFSC Code SBIN0002247 belong to?
IFSC Code SBIN0002247 belongs to State Bank of India for its PALAMEDU branch, located in PALAMEDU, Tamil Nadu. The 4-letter prefix 'SBIN' represents State Bank of India.
What is the IFSC Code for State Bank of India PALAMEDU branch?
The IFSC Code for State Bank of India PALAMEDU branch in PALAMEDU, Tamil Nadu is SBIN0002247. It is used for NEFT, RTGS, and IMPS funds transfer.
What is the address of State Bank of India PALAMEDU branch?
The branch is located at: NADAR STREET, DISTT. MADURAI, TAMIL NADU 625503, Pincode: 625503, PALAMEDU, Tamil Nadu.
What is the MICR Code for State Bank of India PALAMEDU?
The MICR Code for electronic cheque clearing at State Bank of India PALAMEDU is 625002037.
How to decipher the IFSC code SBIN0002247?
The first 4 characters 'SBIN' represent State Bank of India. The 5th character is '0' reserved for future use. The last 6 characters '002247' represent the specific PALAMEDU branch code.
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