IFSC Code of State Bank of India, LAXMINAGARAM, KHAMMAM

SBIN0020695

BankState Bank of India
IFSC CodeSBIN0020695
Branch Code020695 (last six characters of IFSC)
BranchLAXMINAGARAM
City / DistrictKHAMMAM
StateANDHRA PRADESH

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State Bank of India LAXMINAGARAM IFSC Code

The LAXMINAGARAM branch of State Bank of India located in KHAMMAM, ANDHRA PRADESH is identified by the IFSC code SBIN0020695. 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 SBIN0020695

  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 SBIN0020695 to identify the LAXMINAGARAM 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, LAXMINAGARAM?
The IFSC code is SBIN0020695.

What is the branch code?
The branch code is 020695, the last six characters of the IFSC code.