IFSC Code of State Bank of India, PALAMANER BAZAR, PALAMANER BAZAR

SBIN0016429

BankState Bank of India
IFSC CodeSBIN0016429
Branch Code016429 (last six characters of IFSC)
BranchPALAMANER BAZAR
City / DistrictPALAMANER BAZAR
StateANDHRA PRADESH

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State Bank of India PALAMANER BAZAR IFSC Code

The PALAMANER BAZAR branch of State Bank of India located in PALAMANER BAZAR, ANDHRA PRADESH is identified by the IFSC code SBIN0016429. 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 SBIN0016429

  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 SBIN0016429 to identify the PALAMANER BAZAR 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, PALAMANER BAZAR?
The IFSC code is SBIN0016429.

What is the branch code?
The branch code is 016429, the last six characters of the IFSC code.