State Bank of India MEDCHAL Branch IFSC Code

SBIN 0020524
State Bank of India Logo State Bank of India
MEDCHAL — RANGA REDDY, ANDHRA PRADESH
MICR: 500002368 RTGS: ✓ NEFT: ✓ IMPS: ✓ UPI: ✓

Branch Details

Bank
State Bank of India
Branch
MEDCHAL
IFSC Code
SBIN0020524
MICR Code
500002368
Address
IDA MEDCHALRRDIST ANDHRA PRADESH
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City
RANGA REDDY
District
RANGA REDDY
State
ANDHRA PRADESH
Contact
+918418224837

How to Use This IFSC Code

NEFT Transfer

Use IFSC code SBIN0020524 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 SBIN0020524.

IMPS Transfer

IMPS is available 24×7 including holidays. Maximum ₹5 lakhs per transaction. Use IFSC code SBIN0020524.

IFSC Code Structure

S
B
I
N
0
0
2
0
5
2
4
  • SBIN — Bank code (State Bank of India)
  • 0 — Reserved (always 0)
  • 020524 — Branch code (MEDCHAL)

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Frequently Asked Questions

Is SBIN0020524 valid for online transfer?
Yes, SBIN0020524 is a valid IFSC code for State Bank of India MEDCHAL branch in RANGA REDDY, ANDHRA PRADESH. You can use this code for NEFT, RTGS, and IMPS transfers.
What bank does SBIN0020524 belong to?
SBIN0020524 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 MEDCHAL is 500002368. MICR (Magnetic Ink Character Recognition) is a 9-digit code used for cheque processing.
Can I do RTGS using SBIN0020524?
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.