State Bank of India IFSC Code
PALANI TOWN Branch, PALANI, PALANI, Tamil Nadu
The official Indian Financial System Code (IFSC) for State Bank of India, PALANI TOWN branch in PALANI, Tamil Nadu is SBIN0016549. The MICR code for cheque clearance is 624002120.
Branch Fact Sheet & Electronic Routing Details
- Bank Name
- State Bank of India
- Branch Name
- PALANI TOWN
- MICR Code
- City / District
- PALANI (PALANI)
- State
- Tamil Nadu
- Postal Pincode
- N/A
138, DINDIGUL ROAD, LAKSHMIPURAM, PALANI, DIST DINDIGUL, TAMIL NADU624 601.
How to Read IFSC Code: SBIN0016549
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 (SBIN0016549)
What is the IFSC Code for State Bank of India PALANI TOWN branch?
The IFSC Code for State Bank of India PALANI TOWN branch in PALANI, Tamil Nadu is SBIN0016549. It is used for NEFT, RTGS, and IMPS funds transfer.
What is the address of State Bank of India PALANI TOWN branch?
The branch is located at: 138, DINDIGUL ROAD, LAKSHMIPURAM, PALANI, DIST DINDIGUL, TAMIL NADU624 601., PALANI, Tamil Nadu.
What is the MICR Code for State Bank of India PALANI TOWN?
The MICR Code for electronic cheque clearing at State Bank of India PALANI TOWN is 624002120.
How to decipher the IFSC code SBIN0016549?
The first 4 characters 'SBIN' represent State Bank of India. The 5th character is '0' reserved for future use. The last 6 characters '016549' represent the specific PALANI TOWN branch code.
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