State Bank of India — GUNJAPADUGU Branch

About State Bank of India — GUNJAPADUGU Branch

State Bank of India GUNJAPADUGU branch is located in KARIM NAGAR, KARIM NAGAR district, ANDHRA PRADESH. The IFSC code for this branch is SBIN0020658. This code is essential for all electronic fund transfers including NEFT, RTGS, and IMPS transactions. Whether you are sending money online, setting up auto-pay mandates, or linking your bank account to UPI apps, you will need this IFSC code.

What is IFSC Code?

IFSC (Indian Financial System Code) is an 11-character alphanumeric code assigned by the Reserve Bank of India (RBI) to every bank branch participating in electronic funds transfer. The first four characters (SBIN) identify State Bank of India, the fifth character is always 0 (reserved for future use), and the last six characters (020658) uniquely identify the GUNJAPADUGU branch.

This code was introduced by RBI to facilitate electronic payment systems and is mandatory for NEFT, RTGS, and IMPS transactions across India.

MICR Code — 505002606

The MICR (Magnetic Ink Character Recognition) code for State Bank of India GUNJAPADUGU branch is 505002606. MICR is a 9-digit code printed on cheques using special magnetic ink. The first 3 digits represent the city, next 3 identify the bank, and last 3 identify the branch. This technology enables faster cheque processing through automated clearing houses across India.

How to Use IFSC Code SBIN0020658

NEFT Transfer

Use IFSC code SBIN0020658 to send money via NEFT (National Electronic Funds Transfer). NEFT operates in half-hourly batches 24×7 since December 2019. There is no minimum or maximum transaction limit. Funds are typically credited within 2 hours.

RTGS Transfer

For high-value transfers above ₹2 lakh, use RTGS (Real Time Gross Settlement) with this IFSC code. RTGS provides real-time settlement and operates from 7:00 AM to 6:00 PM on working days. The minimum amount is ₹2 lakh with no upper limit.

IMPS Transfer

IMPS (Immediate Payment Service) allows instant 24×7×365 money transfers using IFSC code SBIN0020658. The current transaction limit is ₹5 lakh per transaction, making it ideal for urgent payments.

UPI Payments

While UPI uses VPA (Virtual Payment Address) for transactions, the underlying bank account linked to your UPI ID is associated with this branch and its IFSC code SBIN0020658. You can find your IFSC code in your UPI app under account details.

Banking Services at GUNJAPADUGU Branch

State Bank of India GUNJAPADUGU branch typically offers a comprehensive range of banking services: savings and current accounts, fixed deposits (FD), recurring deposits (RD), home loans, personal loans, vehicle loans, education loans, credit and debit cards, internet banking, mobile banking, safe deposit lockers, foreign exchange services, insurance products, and investment advisory services.

Most State Bank of India branches operate from Monday to Saturday (except 2nd and 4th Saturday). Working hours are generally 10:00 AM to 4:00 PM, though this may vary by location.

State Bank of India in KARIM NAGAR, ANDHRA PRADESH

The GUNJAPADUGU branch serves customers in KARIM NAGAR and the wider KARIM NAGAR district of ANDHRA PRADESH. As one of India's leading banks, State Bank of India maintains a strong presence across ANDHRA PRADESH with multiple branches and ATMs to serve millions of customers.

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