IFSC Code of State Bank of India, M G CLOTH MARKET, EAST GODAVARI

SBIN0020975

BankState Bank of India
IFSC CodeSBIN0020975
Branch Code020975 (last six characters of IFSC)
BranchM G CLOTH MARKET
City / DistrictEAST GODAVARI
StateANDHRA PRADESH

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State Bank of India M G CLOTH MARKET IFSC Code

The M G CLOTH MARKET branch of State Bank of India located in EAST GODAVARI, ANDHRA PRADESH is identified by the IFSC code SBIN0020975. This 11-character code is issued by the Reserve Bank of India (RBI) and is required for electronic fund transfers such as NEFT, RTGS, IMPS and UPI.

How to transfer money using SBIN0020975

  1. Log in to your bank’s net banking or mobile banking app.
  2. Choose the NEFT, RTGS or IMPS transfer option.
  3. Add the beneficiary with account number and branch name.
  4. Enter IFSC code SBIN0020975 to identify the M G CLOTH MARKET branch.
  5. Enter the amount and confirm the transaction.

Difference between IFSC and MICR

AspectIFSC
Full formIndian Financial System Code
PurposeOnline money transfer (NEFT / RTGS / IMPS)
Format11-character alphanumeric
Issued byReserve Bank of India (RBI)

Frequently asked questions

What is the IFSC code of State Bank of India, M G CLOTH MARKET?
The IFSC code is SBIN0020975.

What is the branch code?
The branch code is 020975, the last six characters of the IFSC code.