State Bank of India IDA BOLARUM Branch IFSC Code

SBIN 0018062

State Bank of India

IDA BOLARUM — MEDAK, TELANGANA

MICR: 502002742 RTGS: ✓ NEFT: ✓ IMPS: ✓ UPI: ✓

Branch Details

Bank: State Bank of India
Branch: IDA BOLARUM
IFSC Code: SBIN0018062
MICR Code: 502002742
Address: PLOTNO56, OPPOSITE GANESH WEIGH BRIDGE, IDA BOLARUM, JINNRAM MANDAL, MEDAK ANDHRA PRADESH502325
City: MEDAK
District: MEDAK
State: TELANGANA
Contact: +918143439922

How to Use This IFSC Code

NEFT Transfer

Use IFSC code SBIN0018062 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 SBIN0018062.

IMPS Transfer

IMPS is available 24×7 including holidays. Maximum ₹5 lakhs per transaction. Use IFSC code SBIN0018062.

IFSC Code Structure

SBIN — Bank code (State Bank of India)
0 — Reserved (always 0)
018062 — Branch code (IDA BOLARUM)

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Frequently Asked Questions

Is SBIN0018062 valid for online transfer?

Yes, SBIN0018062 is a valid IFSC code for State Bank of India IDA BOLARUM branch in MEDAK, TELANGANA. You can use this code for NEFT, RTGS, and IMPS transfers.

What bank does SBIN0018062 belong to?

SBIN0018062 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 IDA BOLARUM is 502002742. MICR (Magnetic Ink Character Recognition) is a 9-digit code used for cheque processing.

Can I do RTGS using SBIN0018062?

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.