State Bank of India VENKOJIPALEM Branch IFSC Code

SBIN 0021242
State Bank of India Logo State Bank of India
VENKOJIPALEM — VISHAKHAPATNAM, ANDHRA PRADESH
MICR: 530002337 RTGS: ✓ NEFT: ✓ IMPS: ✓ UPI: ✓

Branch Details

Bank
State Bank of India
Branch
VENKOJIPALEM
IFSC Code
SBIN0021242
MICR Code
530002337
Address
I9SECTOR1MVPCOLONYNEARVENKOJIPALEMPETROLPUMPVISAKAPATNAM
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City
VISHAKHAPATNAM
District
VISHAKHAPATNAM
State
ANDHRA PRADESH
Contact
+911242210435

How to Use This IFSC Code

NEFT Transfer

Use IFSC code SBIN0021242 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 SBIN0021242.

IMPS Transfer

IMPS is available 24×7 including holidays. Maximum ₹5 lakhs per transaction. Use IFSC code SBIN0021242.

IFSC Code Structure

S
B
I
N
0
0
2
1
2
4
2
  • SBIN — Bank code (State Bank of India)
  • 0 — Reserved (always 0)
  • 021242 — Branch code (VENKOJIPALEM)

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Frequently Asked Questions

Is SBIN0021242 valid for online transfer?
Yes, SBIN0021242 is a valid IFSC code for State Bank of India VENKOJIPALEM branch in VISHAKHAPATNAM, ANDHRA PRADESH. You can use this code for NEFT, RTGS, and IMPS transfers.
What bank does SBIN0021242 belong to?
SBIN0021242 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 VENKOJIPALEM is 530002337. MICR (Magnetic Ink Character Recognition) is a 9-digit code used for cheque processing.
Can I do RTGS using SBIN0021242?
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.