State Bank of India, RACC RANIKHET, RANIKHET Branch IFSC Code

The IFSC code SBIN0062357 is assigned to State Bank of India, RACC RANIKHET located in RANIKHET, UTTARAKHAND. This code is required for electronic fund transfers like NEFT, RTGS, and IMPS transactions.

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Bank Details

Bank Name State Bank of India
IFSC Code SBIN0062357
MICR Code 263002605
Branch Code 062357
Branch RACC RANIKHET
City RANIKHET
District RANIKHET
State UTTARAKHAND
Address GANDHI CHOWK, RANIKHET, UTTARAKHAND -263645 Maps
Contact +919911826790

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Understanding IFSC and MICR Codes

What is IFSC Code?

IFSC (Indian Financial System Code) is an 11-character alphanumeric code used to identify bank branches in India. It is essential for electronic fund transfers through NEFT, RTGS, and IMPS systems.

SBIN Bank Code
0 Reserved (0)
062357 Branch Code

What is MICR Code?

MICR (Magnetic Ink Character Recognition) is a 9-digit code printed on cheques. It helps in faster processing of cheques through automated reading.

263 City Code
002 Bank Code
605 Branch Code

When to Use These Codes?

  • NEFT Transfer: Use IFSC code for National Electronic Funds Transfer (available 24x7)
  • RTGS Transfer: Use IFSC code for Real Time Gross Settlement (for amounts ≥ ₹2 lakhs)
  • IMPS Transfer: Use IFSC code for Immediate Payment Service (instant transfers)
  • Cheque Processing: MICR code is printed on cheques for automated clearing

Frequently Asked Questions

IFSC Code SBIN0062357 is the Indian Financial System Code assigned to State Bank of India, RACC RANIKHET branch in RANIKHET, UTTARAKHAND. This 11-character code uniquely identifies this bank branch in India's electronic payment systems.

This branch is located in RANIKHET, RANIKHET, UTTARAKHAND. The full address is: GANDHI CHOWK, RANIKHET, UTTARAKHAND -263645

The branch code is 062357. This is the last 6 characters of the IFSC code that uniquely identifies this specific branch of State Bank of India.

This branch supports the following electronic fund transfer services:

  • NEFT - Available
  • RTGS - Available
  • IMPS - Available
  • UPI - Available

The MICR (Magnetic Ink Character Recognition) code for this branch is 263002605. MICR code is a 9-digit code used for processing cheques and is printed on cheque leaves.

To use this IFSC code for fund transfers:

  1. Log in to your bank's internet banking or mobile app
  2. Navigate to fund transfer section (NEFT/RTGS/IMPS)
  3. Enter the beneficiary's account number
  4. Enter IFSC Code: SBIN0062357
  5. Verify the bank and branch details auto-populated
  6. Complete the transfer
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