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It is very important to find MICR code 500002301 of correct branch before initiating a NEFT or RTGS or IMPS transfer. Though all banks will have a mechanism to verify the MICR Code, Bank Branch, Account Type and Name and any mismatch will result in failed transaction!
The best and simplest place to verify 500002301 MICR code branch is the cheque book. Most banks now print MICR Codes on the cheque books. Also, your account pass book should have the MICR Code printed.
500002301 is the MICR Code for Racpc Hyderabad branch of SBI. This can be used for online funds transfer via NEFT, RTGS amd IMPS to SBI account. The address of Racpc Hyderabad branch is Dist hyderabad, which is located in Hyderabad Urban District of Andhra Pradesh State.
In State Bank Of India MICR Code, the first 4 characters (5000) represent the bank name, 5th character is 0 (ZERO), which is reserved for future use. The last 6 characters (2301) represent the SBI Bank branch code.
Find more information on MICR Code 500002301 of SBI Racpc Hyderabad Branch MICR Code Hyderabad for NEFT transfer, RTGS transfer and IMPS transfer below:
*The MICR Code information presented above is for reference only. Please verify MICR Code 500002301 details before initiating any transaction!