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It is very important to find MICR code 586002116 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 586002116 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.
586002116 is the MICR Code for Basarkod branch of SBI. This can be used for online funds transfer via NEFT, RTGS amd IMPS to SBI account. The address of Basarkod branch is Muddebihal tq., distt. Bijapur, karnataka 586116, which is located in Bijapur District of Karnataka State.
In State Bank Of India MICR Code, the first 4 characters (5860) represent the bank name, 5th character is 0 (ZERO), which is reserved for future use. The last 6 characters (2116) represent the SBI Bank branch code.
Find more information on MICR Code 586002116 of SBI Basarkod Branch MICR Code Basarkod for NEFT transfer, RTGS transfer and IMPS transfer below:
*The MICR Code information presented above is for reference only. Please verify MICR Code 586002116 details before initiating any transaction!