State Bank of India NANDIKOTKUR Branch IFSC Code

SBIN 0001023
State Bank of India Logo State Bank of India
NANDIKOTKUR — KURNOOL, ANDHRA PRADESH
MICR: 518002502 RTGS: ✓ NEFT: ✓ IMPS: ✓ UPI: ✓

Branch Details

Bank
State Bank of India
Branch
NANDIKOTKUR
IFSC Code
SBIN0001023
MICR Code
518002502
Address
DIST KURNOOL, ANDHRA PRADESH 518401
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City
KURNOOL
District
NANDIKOTKUR
State
ANDHRA PRADESH

How to Use This IFSC Code

NEFT Transfer

Use IFSC code SBIN0001023 to send money via NEFT to this branch. NEFT transfers are processed in hourly batches during working hours. No minimum amount required.

RTGS Transfer

This branch supports RTGS for high-value instant transfers above ₹2 lakhs. Use the same IFSC code SBIN0001023.

IMPS Transfer

IMPS is available 24×7 including holidays. Maximum ₹5 lakhs per transaction. Use IFSC code SBIN0001023.

IFSC Code Structure

S
B
I
N
0
0
0
1
0
2
3
  • SBIN — Bank code (State Bank of India)
  • 0 — Reserved (always 0)
  • 001023 — Branch code (NANDIKOTKUR)

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Frequently Asked Questions

Is SBIN0001023 valid for online transfer?
Yes, SBIN0001023 is a valid IFSC code for State Bank of India NANDIKOTKUR branch in KURNOOL, ANDHRA PRADESH. You can use this code for NEFT, RTGS, and IMPS transfers.
What bank does SBIN0001023 belong to?
SBIN0001023 belongs to State Bank of India. The first 4 characters "SBIN" identify the bank.
What is the MICR code for this branch?
The MICR code for State Bank of India NANDIKOTKUR is 518002502. MICR (Magnetic Ink Character Recognition) is a 9-digit code used for cheque processing.
Can I do RTGS using SBIN0001023?
Yes, this branch supports RTGS (Real Time Gross Settlement). RTGS is used for high-value instant transfers above ₹2 lakhs. Available on working days during RBI specified hours.