IFSC Code SBIN0050868 - State Bank of India-MADURAI-Madurai
| Detail | Information |
|---|---|
| IFSC Code | SBIN0050868 |
| Bank Name | State Bank of India |
| Address | 109 VAKIL NEW STREET SIMMAKKALMADURAI 625001 |
| District | Madurai |
| State | Tamil nadu |
| Branch | Madurai |
| Contact | |
| Centre | Available |
| IMPS | Available |
| UPI | Available |
| MICR | 625002089 |
| RTGS | 1 |
| NEFT | Not Available |
| ISO3166 | IN-TN |
| Bankcode | SBIN |
Overview of SBIN0050868
The IFSC code SBIN0050868 is associated with the Madurai MADURAI Branch of State Bank of India. Located in the bustling city of Madurai, TAMIL NADU, 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 SBIN0050868 represents State Bank of India Bank, while 0050868 signifies the unique branch code for MADURAI.
Significance of IFSC Code for Banking Transactions
The importance of the IFSC code, like SBIN0050868, for the MADURAI Branch, cannot be overstated. It acts as an address that identifies both the State Bank of India and its specific branch in Madurai. 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 SBIN0050868
The IFSC code SBIN0050868 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 Madurai. Let's break down the details:
- IFSC Code (SBIN0050868): 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 "0050868" are a unique identifier for the MADURAI 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 (109 VAKIL NEW STREET SIMMAKKALMADURAI 625001): This specific address pinpoints the exact location of the branch, ensuring that customers can easily find it for their banking needs.
- City & State (Madurai, TAMIL NADU): The branch is situated in the heart of Madurai, the capital city of TAMIL NADU. A city known for its [CITY_FEATURES].
- Branch (MADURAI): The [AREA_NAME] area in Madurai is a hub of activity, and the State Bank of India branch here caters to both individual and business banking needs.
- Phone Number (2325723): A direct line to the branch, this number ensures that customers can reach out for any queries, concerns, or banking assistance.