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Bank Details for MICR: 508002126

Bank NameState Bank Of India
Branch Name Bibi Nagar
Branch Code 011992
IFSC Code SBIN0011992
MICR Code 508002126
Bank Address Building Of Appi Reddy Sathy Reddy,hanumakonda Road,bibi Nagar 508126
State Name Andhra Pradesh
City / Area Bibinagar
District Name Nalgonda
Contact Details0

MICR code - 508002126 of bank Bibi Nagar Nalgonda Andhra Pradesh India State Bank Of India is use to do any online transaction like NEFT, RTGS, ECS Transactions.

IFSC Code - SBIN0011992 of bank State Bank Of India and MICR code - 508002126 of bank State Bank Of India is use to do any online transaction or transaction related to the Bibi Nagar branch of State Bank Of India Nalgonda Andhra Pradesh. an Invalid use ifsc code or micr code will lead to failur of the transaction.

Map Location for 508002126

MICR Code: Magnetic Ink Character Recognition MICR CODE is printed on cheque book to facilitate the Process of cheques.

National Electronic Funds Transfer (NEFT) is a nation-wide system that facilitates individuals, firms and corporates to electronically transfer funds from any bank branch to any individual, firm or corporate having an account with any other bank branch in the country. NEFT transfers are also referred as e-cheques as the funds are not transferred in real-time and the funds are settled in batches.

'RTGS' stands for Real Time Gross Settlement, which can be defined as the continuous (real-time) settlement of funds transfers individually on an order by order basis (without netting). You need the IFSC Code to identify the Branch for which you will want to transfer funds using RTGS. Note all branches don't have IFSC Codes.

'IMPS' is Immediate Payment Service and it is commonly known as Interbank Mobile Payment Service. IMPS uses IFSC codes to offer a number of fund transfer services instantly in a round the clock environment. National Payments Corporation of India (NPCI), which is an organization that regulates the retail payments in India, has provided this facility.