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State Bank of India

SHIVAJI NAGAR BRANCH NALGONDA BRANCH

IFSC CODE
SBIN0016349
MICR Code 508002704
Branch Code 016349
City / District SHIVAJINAGAR
State ANDHRA PRADESH
Office Address D.NO.6 3 149150, NEAR SAIBABA TEMPLE, SHIVAJINAGAR, RAMAGIRI, DIST. NALGONDA,ANDHRA PRADESH 508 001
Phone Not Available
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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 SHIVAJI NAGAR BRANCH NALGONDA branch of State Bank of India, the code SBIN0016349 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 SBIN0016349 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 SHIVAJI NAGAR BRANCH NALGONDA

Payment Systems Supported by SBIN0016349

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—508002704—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 SHIVAJINAGAR typically follows the RBI holiday calendar. Digital transfers via SBIN0016349 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 SBIN0016349 is the valid code for SHIVAJI NAGAR BRANCH NALGONDA at SHIVAJINAGAR, ensure the beneficiary name matches perfectly in your mobile banking app.

RBI Verified NEFT Enabled RTGS 24x7

Bank Search Indexing & Metadata

Related Searches

  • • State Bank of India Branch List
  • • SHIVAJINAGAR IFSC Codes
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Financial Tools

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Branch Context

  • • SHIVAJI NAGAR BRANCH NALGONDA Contact
  • • Address of State Bank of India
  • • MICR Code Finder
  • • ANDHRA PRADESH Banking Circle

Platform Links

  • • Anand Design DevBox
  • • SEO Performance Hub
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  • • IFSC Finder v2.0

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