IFSC Code of State Bank of India, RACC INDORE FI AND MM, INDORE

SBIN0062563

BankState Bank of India
IFSC CodeSBIN0062563
Branch Code062563 (last six characters of IFSC)
BranchRACC INDORE FI AND MM
City / DistrictINDORE
StateMADHYA PRADESH

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State Bank of India RACC INDORE FI AND MM IFSC Code

The RACC INDORE FI AND MM branch of State Bank of India located in INDORE, MADHYA PRADESH is identified by the IFSC code SBIN0062563. 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 SBIN0062563

  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 SBIN0062563 to identify the RACC INDORE FI AND MM 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, RACC INDORE FI AND MM?
The IFSC code is SBIN0062563.

What is the branch code?
The branch code is 062563, the last six characters of the IFSC code.