What is the IFSC code for MICR 508002303?

The IFSC code for State Bank of India Kodad Town branch (MICR: 508002303) is SBIN0017568. Use the IFSC code for NEFT, RTGS, IMPS, and UPI transfers. Use the MICR code for cheque clearance.

What do the digits in a MICR code mean?

A 9-digit MICR code has three parts: the first 3 digits (508) represent the city/clearing centre, the next 3 digits (002) identify the bank, and the last 3 digits (303) identify the specific branch. For 508002303, the city code is 508, bank code is 002, and branch code is 303.

State Bank of India Kodad Town (SBI)

Q: Which bank does MICR code 508002303 belong to?

MICR code 508002303 belongs to State Bank of India, Kodad Town branch, located at Bharat Reddy Complex, N.h 9, Main Road, Kodad, Nalgonda.a.p 508206, Nalgonda, Andhra Pradesh. The corresponding IFSC code is SBIN0017568.

Kodad Town · Nalgonda, Andhra Pradesh

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508002303

508002303 is the MICR code for the Kodad Town branch of State Bank of India, located in Nalgonda, Andhra Pradesh. MICR codes are printed on cheque leaves and used by the RBI's Cheque Truncation System (CTS) for cheque clearing. For online transfers, use the IFSC code SBIN0017568.

Bank

State Bank of India

Branch & Address

Kodad Town

Bharat Reddy Complex, N.h 9, Main Road, Kodad, Nalgonda.a.p 508206

Nalgonda, Kodad, Andhra Pradesh

Contact

+918330907912

Codes for this Branch

MICR (cheques)

508002303

IFSC (online transfers)

SBIN0017568

View

MICR Code Structure

508

City

002

Bank

303

Branch

City code 508 identifies the RBI clearing centre, bank code 002 identifies State Bank of India, and branch code 303 identifies this specific branch.

Online Payment Methods Supported

NEFT

RTGS

IMPS

UPI

Other State Bank of India (SBI) branches near Nalgonda

Agr Mkt Yard Avanthipuram Nalgonda, Andhra Pradesh SBIN0021535 Aitipamula Nalgonda, Andhra Pradesh SBIN0008807 Akupamula Nalgonda, Andhra Pradesh SBIN0008497 Aler Nalgonda, Andhra Pradesh SBIN0020177 Anantha Giri Nalgonda, Andhra Pradesh SBIN0020616 Anneparthy Nalgonda Nalgonda, Andhra Pradesh SBIN0021270

Other banks in Nalgonda, Andhra Pradesh

AU Small Finance Bank 4 branches Axis Bank 12 branches Bandhan Bank 2 branches Bank of Baroda 6 branches Bank of India 2 branches Bank of Maharashtra 2 branches Canara Bank 42 branches Central Bank of India 15 branches

About MICR Codes

What is a MICR code used for?

MICR (Magnetic Ink Character Recognition) codes are printed on cheque leaves using special magnetic ink. They are read by cheque processing machines and used by the RBI's Cheque Truncation System (CTS) to process and clear cheque payments between banks. Each MICR code uniquely identifies a bank branch for cheque clearing purposes.

MICR vs IFSC — when do I use which?

Use MICR when paying by cheque — it's already printed on your cheque leaf and used automatically during clearing. Use IFSC (SBIN0017568) when making online transfers via NEFT, RTGS, IMPS, or UPI — banks ask for IFSC when you add a beneficiary for online payments.

Where is the MICR code on a cheque?

The MICR code is printed at the bottom of every cheque leaf in a distinctive machine-readable font, using magnetic ink. It appears in the centre of the three numbers at the bottom — the cheque number is on the left, the MICR code 508002303 is in the middle, and your account number is on the right.

View full branch details for IFSC SBIN0017568