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It is very important to find MICR code 509002407 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 509002407 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.
509002407 is the MICR Code for Damaragidda branch of SBI. This can be used for online funds transfer via NEFT, RTGS amd IMPS to SBI account. The address of Damaragidda branch is Dist mahbubnagar, a p 509407, which is located in Mehboobnagar District of Andhra Pradesh State.
In State Bank Of India MICR Code, the first 4 characters (5090) represent the bank name, 5th character is 0 (ZERO), which is reserved for future use. The last 6 characters (2407) represent the SBI Bank branch code.
Find more information on MICR Code 509002407 of SBI Damaragidda Branch MICR Code Damaragidda for NEFT transfer, RTGS transfer and IMPS transfer below:
*The MICR Code information presented above is for reference only. Please verify MICR Code 509002407 details before initiating any transaction!