IFSC Code SBIN0016405 - State Bank of India-SPECIALISED CURRENCY ADMINISTRATON BRANCH-Visakhapatnam
| Detail | Information |
|---|---|
| IFSC Code | SBIN0016405 |
| Bank Name | State Bank of India |
| Address | ZONAL OFFICE BLDG., BALAJI NAGARM SIRIPURAM JN., DISTT. VISAKHAPATNAM. ANDHRA PRADESH530 003 |
| District | Visakhapatnam |
| State | ANDHRA PRADESH |
| Branch | Specialised currency administraton branch |
| Contact | |
| Centre | Available |
| IMPS | Available |
| UPI | Available |
| MICR | 530002083 |
| RTGS | 1 |
| NEFT | Not Available |
| ISO3166 | IN-AP |
| Bankcode | SBIN |
Overview of SBIN0016405
The IFSC code SBIN0016405 is associated with the Visakhapatnam SPECIALISED CURRENCY ADMINISTRATON BRANCH Branch of State Bank of India. Located in the bustling city of Visakhapatnam, ANDHRA PRADESH, this branch is one of the many State Bank of India branches that cater to the banking needs of the local residents. The code "SBIN" in SBIN0016405 represents State Bank of India Bank, while 0016405 signifies the unique branch code for SPECIALISED CURRENCY ADMINISTRATON BRANCH.
Significance of IFSC Code for Banking Transactions
The importance of the IFSC code, like SBIN0016405, for the SPECIALISED CURRENCY ADMINISTRATON BRANCH Branch, cannot be overstated. It acts as an address that identifies both the State Bank of India and its specific branch in Visakhapatnam. This ensures that when you're transferring money or setting up a beneficiary for future transactions, your funds are directed to the correct bank branch. Without the IFSC code, the chances of errors in electronic fund transfers would be significantly higher, leading to potential financial losses and administrative hassles.
Deep Dive into SBIN0016405
The IFSC code SBIN0016405 is not just a random combination of letters and numbers. It holds significance in the banking world, especially for those who bank with State Bank of India in Visakhapatnam. Let's break down the details:
- IFSC Code (SBIN0016405): This unique code is essential for electronic fund transfers. The first four characters "SBIN" represent the bank's name, State Bank of India. The last six characters "0016405" are a unique identifier for the SPECIALISED CURRENCY ADMINISTRATON BRANCH branch.
- Bank Name (State Bank of India): One of [country]'s leading banks, State Bank of India offers a wide range of banking products and financial services to its vast customer base.
- Address (ZONAL OFFICE BLDG., BALAJI NAGARM SIRIPURAM JN., DISTT. VISAKHAPATNAM. ANDHRA PRADESH530 003): This specific address pinpoints the exact location of the branch, ensuring that customers can easily find it for their banking needs.
- City & State (Visakhapatnam, ANDHRA PRADESH): The branch is situated in the heart of Visakhapatnam, the capital city of ANDHRA PRADESH. A city known for its [CITY_FEATURES].
- Branch (SPECIALISED CURRENCY ADMINISTRATON BRANCH): The [AREA_NAME] area in Visakhapatnam is a hub of activity, and the State Bank of India branch here caters to both individual and business banking needs.
- Phone Number (): A direct line to the branch, this number ensures that customers can reach out for any queries, concerns, or banking assistance.