IFSC Code of State Bank of India, BALGANUR, RAICHUR

SBIN0020216

BankState Bank of India
IFSC CodeSBIN0020216
Branch Code020216 (last six characters of IFSC)
BranchBALGANUR
City / DistrictRAICHUR
StateKARNATAKA

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State Bank of India BALGANUR IFSC Code

The BALGANUR branch of State Bank of India located in RAICHUR, KARNATAKA is identified by the IFSC code SBIN0020216. 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 SBIN0020216

  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 SBIN0020216 to identify the BALGANUR 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, BALGANUR?
The IFSC code is SBIN0020216.

What is the branch code?
The branch code is 020216, the last six characters of the IFSC code.