IFSC Code of State Bank Of India, Maddipadu, Ongole, Andhra Pradesh — SBIN0012923

The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of State Bank Of India for its Maddipadu branch in Prakasham, Ongole, Andhra Pradesh, this complete guide will provide you with detailed information.

The banking system in India has changed over the years, and today customers of State Bank Of India located in Prakasham or anywhere in Andhra Pradesh can transfer funds instantly by using the correct IFSC Code SBIN0012923. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for State Bank Of India, Maddipadu, Prakasham

Here are the key points that are associated with the IFSC Code SBIN0012923 of State Bank Of India for its branch located in Prakasham, within the district of Ongole in the state of Andhra Pradesh.

These details are important not only for users using online banking but also for businesses and individuals who use State Bank Of India in Prakasham for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SBIN0012923 for the Maddipadu branch of State Bank Of India is vital.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with State Bank Of India located in Maddipadu, Prakasham, Andhra Pradesh, are allotted a unique IFSC like SBIN0012923 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It clearly tells which bank branch it is in Prakasham.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It prevents confusion between different branches of the same bank in places like Prakasham and Ongole.
• It reduces errors in fund transfers and improves accuracy.
• It helps the sender banks to validate and confirm branch details before processing payments.

It makes sure that money sent to State Bank Of India in Maddipadu reaches the right place, even though there are thousands of branches in Andhra Pradesh and across India.

Format of the IFSC Code SBIN0012923

The format of the IFSC Code for banks, including State Bank Of India, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown:

• First 4 characters (AAAA): Show the bank code. For State Bank Of India, these letters represent the bank's short name.
• 5th character: Is always zero and is kept for future use.
• Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Maddipadu in Prakasham.

For example, the IFSC Code SBIN0012923 of State Bank Of India for the Maddipadu branch includes these elements, identifying the bank and the branch location in Prakasham and Andhra Pradesh accurately.

How to Find IFSC Code for State Bank Of India?

If you are trying to find the IFSC Code SBIN0012923 of State Bank Of India for its Maddipadu branch located in Prakasham, the following methods can help:

Cheque Book

The cheque book issued by State Bank Of India includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.

Passbook

You can easily find the IFSC and MICR codes because most banks, including State Bank Of India branches in Prakasham and Ongole, print them on the first page of your passbook.

Bank Website

Visit the official website of State Bank Of India and navigate to the branch locator section. Search for Maddipadu or Prakasham to get the exact IFSC Code SBIN0012923.

Mobile Banking App

If you use State Bank Of India's mobile app, you can check your account details to find your branch's IFSC code.

RBI Website

The Reserve Bank of India keeps an updated list of all IFSC codes. If you search for State Bank Of India and Prakasham, you'll get the correct details.

How to Use IFSC Code SBIN0012923 for Online Transfers?

If you have the IFSC Code SBIN0012923 for the Maddipadu branch of State Bank Of India in Prakasham, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SBIN0012923. Transfers are processed in batches. Suitable for personal and business payments.

RTGS

Used for high-value payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. Asks for the recipient's account details and State Bank Of India IFSC Code SBIN0012923.

Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for State Bank Of India Maddipadu in Prakasham, it may result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of State Bank Of India in Maddipadu, you can find it by any of the following ways:

• Check the bottom of your cheque leaf.
• Go to the first page of your passbook.
• Visit the official State Bank Of India website.
• Search the RBI portal.

Having both IFSC and MICR codes helps account holders in Prakasham manage online transfers as well as cheque clearances with ease.