State Bank of India NEKNOOR Branch IFSC Code

SBIN 0020406
State Bank of India Logo State Bank of India
NEKNOOR — BEED, MAHARASHTRA
MICR: 431002533 RTGS: ✓ NEFT: ✓ IMPS: ✓ UPI: ✓

Branch Details

Bank
State Bank of India
Branch
NEKNOOR
IFSC Code
SBIN0020406
MICR Code
431002533
City
BEED
District
BEED
State
MAHARASHTRA
Contact
+912442250523

How to Use This IFSC Code

NEFT Transfer

Use IFSC code SBIN0020406 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 SBIN0020406.

IMPS Transfer

IMPS is available 24×7 including holidays. Maximum ₹5 lakhs per transaction. Use IFSC code SBIN0020406.

IFSC Code Structure

S
B
I
N
0
0
2
0
4
0
6
  • SBIN — Bank code (State Bank of India)
  • 0 — Reserved (always 0)
  • 020406 — Branch code (NEKNOOR)

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Frequently Asked Questions

Is SBIN0020406 valid for online transfer?
Yes, SBIN0020406 is a valid IFSC code for State Bank of India NEKNOOR branch in BEED, MAHARASHTRA. You can use this code for NEFT, RTGS, and IMPS transfers.
What bank does SBIN0020406 belong to?
SBIN0020406 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 NEKNOOR is 431002533. MICR (Magnetic Ink Character Recognition) is a 9-digit code used for cheque processing.
Can I do RTGS using SBIN0020406?
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.