State Bank of India MARKET STREET, PALAKOL Branch IFSC Code

SBIN 0012992
State Bank of India Logo State Bank of India
MARKET STREET, PALAKOL — WEST GODAVARI, ANDHRA PRADESH
MICR: 534002303 RTGS: ✓ NEFT: ✓ IMPS: ✓ UPI: ✓

Branch Details

Bank
State Bank of India
Branch
MARKET STREET, PALAKOL
IFSC Code
SBIN0012992
MICR Code
534002303
Address
DRKRISHNAJI MULTIPLEX,DNO2211,MAIN ROAD,PALAKOL 534260
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City
WEST GODAVARI
District
WEST GODAVARI
State
ANDHRA PRADESH

How to Use This IFSC Code

NEFT Transfer

Use IFSC code SBIN0012992 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 SBIN0012992.

IMPS Transfer

IMPS is available 24×7 including holidays. Maximum ₹5 lakhs per transaction. Use IFSC code SBIN0012992.

IFSC Code Structure

S
B
I
N
0
0
1
2
9
9
2
  • SBIN — Bank code (State Bank of India)
  • 0 — Reserved (always 0)
  • 012992 — Branch code (MARKET STREET, PALAKOL)

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Frequently Asked Questions

Is SBIN0012992 valid for online transfer?
Yes, SBIN0012992 is a valid IFSC code for State Bank of India MARKET STREET, PALAKOL branch in WEST GODAVARI, ANDHRA PRADESH. You can use this code for NEFT, RTGS, and IMPS transfers.
What bank does SBIN0012992 belong to?
SBIN0012992 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 MARKET STREET, PALAKOL is 534002303. MICR (Magnetic Ink Character Recognition) is a 9-digit code used for cheque processing.
Can I do RTGS using SBIN0012992?
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.