State Bank of India IFSC Code
PALAMANER BAZAR Branch, PALAMANER BAZAR, PALAMANER BAZAR, ANDHRA PRADESH
The official Indian Financial System Code (IFSC) for State Bank of India, PALAMANER BAZAR branch in PALAMANER BAZAR, ANDHRA PRADESH is SBIN0016429. The MICR code for cheque clearance is 517002093.
Branch Fact Sheet & Electronic Routing Details
- Bank Name
- State Bank of India
- Branch Name
- PALAMANER BAZAR
- MICR Code
- City / District
- PALAMANER BAZAR (PALAMANER BAZAR)
- State
- ANDHRA PRADESH
- Postal Pincode
- 253254
D NO 12 253254, NEAR CO OP. CENTRAL BANK, MADANAPALLE ROAD, PALAMANER 517408 , CHITTOOR DIST., Pincode: 253254
How to Read IFSC Code: SBIN0016429
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 (SBIN0016429)
What is the IFSC Code for State Bank of India PALAMANER BAZAR branch?
The IFSC Code for State Bank of India PALAMANER BAZAR branch in PALAMANER BAZAR, ANDHRA PRADESH is SBIN0016429. It is used for NEFT, RTGS, and IMPS funds transfer.
What is the address of State Bank of India PALAMANER BAZAR branch?
The branch is located at: D NO 12 253254, NEAR CO OP. CENTRAL BANK, MADANAPALLE ROAD, PALAMANER 517408 , CHITTOOR DIST., Pincode: 253254, PALAMANER BAZAR, ANDHRA PRADESH.
What is the MICR Code for State Bank of India PALAMANER BAZAR?
The MICR Code for electronic cheque clearing at State Bank of India PALAMANER BAZAR is 517002093.
How to decipher the IFSC code SBIN0016429?
The first 4 characters 'SBIN' represent State Bank of India. The 5th character is '0' reserved for future use. The last 6 characters '016429' represent the specific PALAMANER BAZAR branch code.
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