IFSC Code of State Bank of India, PALAKONDA, SRIKAKULAM

SBIN0021241

BankState Bank of India
IFSC CodeSBIN0021241
Branch Code021241 (last six characters of IFSC)
BranchPALAKONDA
City / DistrictSRIKAKULAM
StateANDHRA PRADESH

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State Bank of India PALAKONDA IFSC Code

The PALAKONDA branch of State Bank of India located in SRIKAKULAM, ANDHRA PRADESH is identified by the IFSC code SBIN0021241. 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 SBIN0021241

  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 SBIN0021241 to identify the PALAKONDA 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, PALAKONDA?
The IFSC code is SBIN0021241.

What is the branch code?
The branch code is 021241, the last six characters of the IFSC code.