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State Bank of India

HARKUL BUDRUK BRANCH

IFSC CODE
SBIN0016176
MICR Code 416002341
Branch Code 016176
City / District HARKUL BUDRUK
State MAHARASHTRA
Office Address HARKUL BUDRUK ,TAL KANKAVLI ,DIST SINDHUDURG, MAHARASHTRA 416602
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Understanding IFSC Code: The Digital DNA of State Bank of India

When performing any digital transaction in India, the Indian Financial System Code (IFSC) acts as a critical identifier. For the HARKUL BUDRUK branch of State Bank of India, the code SBIN0016176 ensures that your funds are routed through the Reserve Bank of India's (RBI) structured network without manual errors. In an era of instant payments, having the correct IFSC is as important as the account number itself.

Anatomy of the SBIN0016176 Code

An IFSC is an 11-character alphanumeric code. Let's break down the logic behind the code for this specific branch:

First 4

Bank Identity

"SBIN" represents State Bank of India

5th Digit

Control Character

Always '0' (Reserved for future use)

Last 6

Branch Locator

Unique code for HARKUL BUDRUK

Payment Systems Supported by SBIN0016176

System Transfer Limit Processing Time
NEFT No Minimum (Up to ₹50 Lakhs+) Half-hourly batches (24x7)
RTGS Minimum ₹2 Lakhs Real-time settlement
IMPS Up to ₹5 Lakhs Instant (Mobile/P2P)

Why do you need the MICR Code?

While IFSC is for digital transfers, the Magnetic Ink Character Recognition (MICR) code—416002341—is primarily used for the processing and clearance of physical cheques. This 9-digit code helps in identifying the bank and branch during the Cheque Truncation System (CTS) cycle, making clearing faster and error-free.

Bank Holidays & Availability

The State Bank of India in HARKUL BUDRUK typically follows the RBI holiday calendar. Digital transfers via SBIN0016176 for NEFT/RTGS are now available 365 days a year, regardless of physical branch timings or Sunday closures.

Security Warning & Verification

Always verify the branch details before making a large payment. While SBIN0016176 is the valid code for HARKUL BUDRUK at HARKUL BUDRUK, ensure the beneficiary name matches perfectly in your mobile banking app.

RBI Verified NEFT Enabled RTGS 24x7

Bank Search Indexing & Metadata

Related Searches

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Branch Context

  • • HARKUL BUDRUK Contact
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Platform Links

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