State Bank of India Damaragidda Branch IFSC Code: SBIN0006523
Branch Code: 006523 | DAMARAGIDDA, DAMARAGIDDA, ANDHRA PRADESH
The official Indian Financial System Code (IFSC) for State Bank of India, Damaragidda branch in DAMARAGIDDA, ANDHRA PRADESH is SBIN0006523. The MICR code for cheque clearance is 509002504.
Branch Fact Sheet & Electronic Routing Details
- Bank Name
- State Bank of India
- Branch Name
- DAMARAGIDDA
- MICR Code
- City / District
- DAMARAGIDDA (DAMARAGIDDA)
- State
- ANDHRA PRADESH
- Postal Pincode
- 509407
DIST MAHBUBNAGAR, A P 509407, Pincode: 509407
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: DAMARAGIDDA, ANDHRA PRADESH
How to Read IFSC Code: SBIN0006523
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 (SBIN0006523)
Which bank does IFSC Code SBIN0006523 belong to?
IFSC Code SBIN0006523 belongs to State Bank of India for its DAMARAGIDDA branch, located in DAMARAGIDDA, ANDHRA PRADESH. The 4-letter prefix 'SBIN' represents State Bank of India.
What is the IFSC Code for State Bank of India DAMARAGIDDA branch?
The IFSC Code for State Bank of India DAMARAGIDDA branch in DAMARAGIDDA, ANDHRA PRADESH is SBIN0006523. It is used for NEFT, RTGS, and IMPS funds transfer.
What is the address of State Bank of India DAMARAGIDDA branch?
The branch is located at: DIST MAHBUBNAGAR, A P 509407, Pincode: 509407, DAMARAGIDDA, ANDHRA PRADESH.
What is the MICR Code for State Bank of India DAMARAGIDDA?
The MICR Code for electronic cheque clearing at State Bank of India DAMARAGIDDA is 509002504.
How to decipher the IFSC code SBIN0006523?
The first 4 characters 'SBIN' represent State Bank of India. The 5th character is '0' reserved for future use. The last 6 characters '006523' represent the specific DAMARAGIDDA branch code.
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