Which bank does MICR code 530002059 belong to?

MICR code 530002059 belongs to State Bank of India, Commercial Branch Visakhpatnam branch, located at Narona Road, Balaji Chambers, Dondaparthy, Visakhpatnam 530016, Visakhapatnam, Andhra Pradesh. The corresponding IFSC code is SBIN0014407.

What is the IFSC code for MICR 530002059?

The IFSC code for State Bank of India Commercial Branch Visakhpatnam branch (MICR: 530002059) is SBIN0014407. 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 (530) represent the city/clearing centre, the next 3 digits (002) identify the bank, and the last 3 digits (059) identify the specific branch. For 530002059, the city code is 530, bank code is 002, and branch code is 059.

State Bank of India Commercial Branch Visakhpatnam (SBI)

Commercial Branch Visakhpatnam · Visakhapatnam, Andhra Pradesh

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530002059

530002059 is the MICR code for the Commercial Branch Visakhpatnam branch of State Bank of India, located in Visakhapatnam, 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 SBIN0014407.

Bank

State Bank of India

Branch & Address

Commercial Branch Visakhpatnam

Narona Road, Balaji Chambers, Dondaparthy, Visakhpatnam 530016

Visakhapatnam, Visakhapatnam, Andhra Pradesh

Codes for this Branch

MICR (cheques)

530002059

IFSC (online transfers)

SBIN0014407

View

SWIFT / BIC

SBININBB745

MICR Code Structure

530

City

002

Bank

059

Branch

City code 530 identifies the RBI clearing centre, bank code 002 identifies State Bank of India, and branch code 059 identifies this specific branch.

Online Payment Methods Supported

NEFT

RTGS

IMPS

UPI

Other State Bank of India (SBI) branches near Visakhapatnam

Adarsh Nagar Visakhapatnam, Andhra Pradesh SBIN0061487 Alipuram Branch Visakhapatnam, Andhra Pradesh SBIN0061497 A P E P D C L Branch Visakhapatnam, Andhra Pradesh SBIN0021457 Appalarajupuram Visakhapatnam, Andhra Pradesh SBIN0015389 Arilova Visakhapatnam, Andhra Pradesh SBIN0015212 Asilmetta Visakhapatnam, Andhra Pradesh SBIN0015810

Other banks in Visakhapatnam, Andhra Pradesh

Andhra Pradesh State Co-operative Bank 32 branches AU Small Finance Bank 4 branches Axis Bank 13 branches Bandhan Bank 2 branches Bank of Baroda 19 branches Bank of India 4 branches Bank of Maharashtra 7 branches Canara Bank 7 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 (SBIN0014407) 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 530002059 is in the middle, and your account number is on the right.

View full branch details for IFSC SBIN0014407