Find Branch Details by IFSC Code
Instantly get branch name, address, MICR code and other details using a valid 11-digit IFSC code.
State Bank of India, DRAKSHARAMA
- IFSC
- SBIN0002711
- BRANCH
- DRAKSHARAMA
- ADDRESS
- DISTEAST GODAVARI ANDHRA PRADESH 533262
- BANKCODE
- SBIN
- MICR
- 533002823
- DISTRICT
- DRAKSHARAMA
- CITY
- EAST GODAVARI
- STATE
- ANDHRA PRADESH
Definition
What is IFSC Code
IFSC stands for Indian Financial System Code. It is a unique 11-character code assigned by the Reserve Bank of India (RBI) to identify every bank branch participating in the NEFT system in India.
The IFSC code is made up of three parts:
- The first four characters (SBIN in SBIN0002711) are the bank code, identifying State Bank of India.
- The fifth character (0 in SBIN0002711) is reserved and is typically zero, separating the bank code from the branch code.
- The last six characters (002711 in SBIN0002711) are the branch code for DRAKSHARAMA.
For example, SBIN0002711 is the IFSC for State Bank of India’s DRAKSHARAMA branch. IFSC codes are used in NEFT, RTGS, IMPS and other electronic transfers.
