What is an IFSC code?


Indian Financial System Code (IFSC). It is used for electronic payment applications like Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT), Immediate Payment Service, an interbank electronic instant mobile money transfer service (IMPS), and Centralised Funds Management System (CFMS) developed by Reserve Bank of India (RBI). The code has eleven characters "Alpha Numeric" in nature. First four characters represent bank, fifth character is default "0" left for future use and last six characters represent branch.

What is a MICR code?
MICR Code: Magnetic Ink Character Recognition as printed on cheque book to facilitate the processing of cheques.

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State Bank Of India Vepagunta Vishakapatnam Branch IFSC/MICR Code Details
Bank Name STATE BANK OF INDIA
Address SHRI NIKETAN ARCADE, OPP NIZAM HOSPITAL, MAIN ROAD, VEPAGUNTA, VISAKHAPATNAM 530047
State ANDHRA PRADESH
District VISHAKAPATNAM
Branch VEPAGUNTA
IFSC Code SBIN0010574
Branch Code 010574 (Last six characters of IFSC code represent Branch code.)
MICR Code 530002097
Contact Phone 0
via https://bankingzone.in/ifsc

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