KOTHAGUDEM, TELANGANA
IFSC Code
SBIN0062532
MICR Code
507002045
Branch
FIMM RACC KOTHAGUDEM
Bank
State Bank of India
District
KOTHAGUDEM
State
TELANGANA
Contact
+919177753766
Address
1ST FLOOR, PALONCHA ROAD, SASTRY ROAD, PALANCHA
To move funds into an account held at FIMM RACC KOTHAGUDEM (State Bank of India) using NEFT, the sender's bank needs this branch's IFSC code — SBIN0062532. NEFT settles in batches throughout the day, so it's a good fit for transfers that don't need to land instantly.
RTGS is the go-to option when transferring large sums (₹2 lakh+) to FIMM RACC KOTHAGUDEM in KOTHAGUDEM, since each transfer is settled individually and immediately rather than bundled with others.
Need money at State Bank of India, FIMM RACC KOTHAGUDEM right now? IMPS settles instantly, 24x7, including weekends and holidays — unlike NEFT/RTGS, which follow banking-hour batch or settlement windows.
A distinction that matters if you're transferring to FIMM RACC KOTHAGUDEM: the RBI settlement system runs 24x7 for NEFT and RTGS, but that doesn't mean this specific branch is open around the clock. Online transfers process any time; in-person or cash-based requests still depend on the branch actually being open.
| Method | System Hours | If Visiting FIMM RACC KOTHAGUDEM In Person |
|---|---|---|
| NEFT | 24x7x365, including weekends and holidays (RBI mandate since 16 Dec 2019) | Online/net-banking NEFT processes any time. An in-branch, cash, or cheque-based NEFT request still depends on that branch's working hours. |
| RTGS | 24x7x365, including weekends and holidays (RBI mandate since 14 Dec 2020) | Minimum transfer amount is ₹2 lakh. Same system-vs-branch-hours distinction as NEFT applies for in-person requests. |
| IMPS | 24x7x365 — always has been, no banking-hours restriction at the system level. | Typically capped per transaction depending on your bank's own limits (often around ₹5 lakh). |
The IFSC code for State Bank of India's FIMM RACC KOTHAGUDEM branch in KOTHAGUDEM, TELANGANA is SBIN0062532. This 11-character code is required for NEFT, RTGS, and IMPS transfers to any account held at this branch.
The MICR code for this branch is 507002045. MICR codes are used for cheque clearing, while the IFSC code (SBIN0062532) is what's needed for electronic transfers like NEFT and RTGS.
This branch is located at: 1ST FLOOR, PALONCHA ROAD, SASTRY ROAD, PALANCHA. It falls under KOTHAGUDEM district, TELANGANA.
Yes — the same IFSC code (SBIN0062532) is used for NEFT, RTGS, and IMPS transfers to this branch. Which one you should pick depends on the amount and urgency, not the code itself: RTGS for ₹2 lakh+ needing near-instant settlement, NEFT for regular batch-processed transfers, and IMPS for smaller amounts that need to land in seconds.
Yes, this branch's listed contact number is +919177753766.
IFSC and MICR code data sourced from bank-published branch records. While we take care to keep this current, always confirm the IFSC code with your bank before making a large transfer — see our disclaimer for details.