State Bank of India ALWAI Branch IFSC Code

SBIN 0020629
State Bank of India Logo State Bank of India
ALWAI — BIDAR, KARNATAKA
MICR: 585002121 RTGS: ✓ NEFT: ✓ IMPS: ✓ UPI: ✓

Branch Details

Bank
State Bank of India
Branch
ALWAI
IFSC Code
SBIN0020629
MICR Code
585002121
Address
UHKRCR
Open in Google Maps
City
BIDAR
District
BIDAR
State
KARNATAKA
Contact
+918484479235

How to Use This IFSC Code

NEFT Transfer

Use IFSC code SBIN0020629 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 SBIN0020629.

IMPS Transfer

IMPS is available 24×7 including holidays. Maximum ₹5 lakhs per transaction. Use IFSC code SBIN0020629.

IFSC Code Structure

S
B
I
N
0
0
2
0
6
2
9
  • SBIN — Bank code (State Bank of India)
  • 0 — Reserved (always 0)
  • 020629 — Branch code (ALWAI)

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Frequently Asked Questions

Is SBIN0020629 valid for online transfer?
Yes, SBIN0020629 is a valid IFSC code for State Bank of India ALWAI branch in BIDAR, KARNATAKA. You can use this code for NEFT, RTGS, and IMPS transfers.
What bank does SBIN0020629 belong to?
SBIN0020629 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 ALWAI is 585002121. MICR (Magnetic Ink Character Recognition) is a 9-digit code used for cheque processing.
Can I do RTGS using SBIN0020629?
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.