Branch Details — SBIN0012992
| Bank Name | State Bank of India |
| Branch Name | Market Street, Palakol |
| IFSC Code | SBIN0012992 |
| MICR Code | 534002303 |
| Bank Code (RBI) | SBIN |
| Branch Code | 012992 |
| Address | DRKRISHNAJI MULTIPLEX,DNO2211,MAIN ROAD,PALAKOL 534260 |
| City | West Godavari |
| District | WEST Godavari |
| State | Andhra Pradesh |
| Toll Free | 1800-11-2211 |
| NEFT | ✓ Enabled — 24×7 |
| RTGS | ✓ Enabled — 24×7 |
| IMPS | ✓ Enabled — 24×7 |
| UPI | ✓ Enabled |
Transfer Methods Using SBIN0012992
NEFT
Available 24×7 including holidays. Settled in 30-minute batches. No minimum. Use IFSC SBIN0012992.
RTGS
Available 24×7. Minimum ₹2 lakh. Real-time gross settlement. Use IFSC SBIN0012992.
IMPS
Instant 24×7, 365 days. Up to ₹5 lakh per transaction.
Frequently Asked Questions
The IFSC code is SBIN0012992. This 11-character RBI-assigned code is required for NEFT, RTGS and IMPS transfers to accounts at State Bank of India Market Street, Palakol branch, West Godavari, Andhra Pradesh.
The MICR code is 534002303. It is a 9-digit code printed at the bottom of cheques, used only for cheque clearing.
Address: DRKRISHNAJI MULTIPLEX,DNO2211,MAIN ROAD,PALAKOL 534260. Branch timings: Monday–Friday 9:30 AM – 3:30 PM, Saturday 9:30 AM – 1:30 PM (closed 2nd/4th Saturdays).
SBIN identifies State Bank of India. The 5th character 0 is reserved by RBI. The last 6 characters 012992 identify the Market Street, Palakol branch.
Yes. State Bank of India Market Street, Palakol Branch (IFSC: SBIN0012992) is fully enabled for NEFT, RTGS, IMPS, UPI, available 24×7 including weekends and holidays.
Log in to your bank's net banking or mobile app → Fund Transfer → Add Beneficiary → enter account number and IFSC SBIN0012992 → select NEFT/RTGS/IMPS → confirm with OTP.