IFSC Code of State Bank of India, MATUL, NANDED

SBIN0020699

BankState Bank of India
IFSC CodeSBIN0020699
Branch Code020699 (last six characters of IFSC)
BranchMATUL
City / DistrictNANDED
StateMAHARASHTRA

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State Bank of India MATUL IFSC Code

The MATUL branch of State Bank of India located in NANDED, MAHARASHTRA is identified by the IFSC code SBIN0020699. 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 SBIN0020699

  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 SBIN0020699 to identify the MATUL 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, MATUL?
The IFSC code is SBIN0020699.

What is the branch code?
The branch code is 020699, the last six characters of the IFSC code.