• SBI IFSC and MICR Code:

    State wise list of SBI IFSC code, MICR code and addresses of all branches in India

    Locate any details of SBI branch in India.

    or Choose State from list below


    SBI IFSC CODE

    SBI IFSC Code

    State Bank of India ( SBI ) IFSC Code can be used for various fund transfer methods such as IMPS, NEFT and RTGS. SBI IFSC code consists of 11 characters, which is made up of both letters and numbers. Each SBI branch will have a different IFSC code. For example, the SBI IFSC code for the Church Street branch in Bengaluru is SBI007987.

    The SBI IFSC code is an essential requirement to process these transactions. SBI will not authenticate any fund transfer if the relevant IFSC code is not provided. The Reserve Bank of India (RBI) allots IFSC codes to all banks across the country. IFSC, expanded as Indian Financial System Code, is an alpha-numerical code used during money transfer.

    IFSC code is a very important part of banking and it can be found online easily.

    How to Search SBI Bank IFSC and MICR Code

    If you are searching for the IFSC code of your home branch, you can find that printed on your cheque book, provided to you by the bank. If you’re looking for an IFSC code or MICR Code of SBI branch, you can easily find them online, not only on the official website of SBI, but also some third party financial websites and other fiscal comparison website portals.

    BankBazaar is one such comparison website that provides information on the IFSC codes for SBI Bank. On the BankBazaar main page, go to the bottom of the page you can find the link titled ‘Bank IFSC Code’. Click on the link and you will be taken to another page which shows 4 drop down menus. You have to select the particular bank that you’re looking for, the state, district and the particular branch whose IFSC code you’re looking for. Once you have selected your options, the site will display not only the IFSC code for the particular branch but also the MICR code, address and contact number for the branch.

    New Updated SBI IFSC Code & Branch Names

    SBI has changed the IFSC codes of as many as 1,300 branches due to a merger and has also changed the names of many branches. The bank will automatically map the old IFSC codes with new ones for all customers. Changes have been made to IFSC codes of SBI branches located in Bengaluru, Hyderabad, Lucknow, Kolkata, Chennai, Mumbai, New Delhi, among others. Check List of Bank with new IFSC CODE

    Why IFSC CODE of 1300 Branch Change

    This change in IFSC codes is because SBI merged with a few of its associate banks. The banks include State Bank of Mysore, Bhartiya Mahila Bank, State Bank of Travancore, State Bank of Patiala, State Bank of Bikaner and Jaipur. SBI has already mapped the old IFSC codes with the new IFSC code internally to make the transition process more easier for customers. Customers will have to apply for new cheque books as the old ones will become obsolete.

    SBI offers numerous means to make worry free and safe fund transactions, not only to other SBI Bank branches but also to any other bank branch in the country. Clients can conveniently make use of NEFT, RTGS and IMPS for this purpose.

    National Electronic Funds Transfer (NEFT):

    SBI introduces e-Monies National Electronic Funds Transfer, an electronic fund transfer facility which allows for easy, hassle free and convenient money transfer. NEFT transactions done at the branch do not have any maximum transaction limit. However, for net banking transactions, the daily limit has been fixed from Rs 1 and up to Rs 10 lakh. For NEFT transfers done online or at the branch, the bank follows a set schedule of timings.

    Real Time Gross Settlement (RTGS):

    RTGS or Real Time Gross Settlement is another quick method of money transfer where the transfers are done in real time. RTGS transactions have faster settlement cycles with the absence of inter-bank or clearing house settlement issues. Also, these transactions are not limited to the geographical boundaries of India. There are no transaction limits for transaction done via the branch.

    Immediate Payment Service (IMPS):

    IMPS (Immediate Payment Service) is another swift bank-to-bank electronic fund transfer service, offered by SBI. With IMPS, customers can easily send or receive funds, not only on weekdays but Sundays and bank holidays as well. As the name suggests, via IMPS transfers, the money gets credited to the receiver’s account within minutes.

    The lowest and uppermost sum for RTGS / NEFT transactions under Retail Internet Banking:

    Type

    Minimum

    Maximum

    RTGS

    INR 2 lacs

    INR 5 lacs

    NEFT

    No Minimum

    INR 5 lacs


    The lowest and uppermost sum for RTGS / NEFT transactions under Corporate Internet Banking:

    Minimum / Maximum amount for RTGS / NEFT transactions under Corporate Internet Banking

    Type

    Minimum

    Maximum

    RTGS

    INR 2 lacs

    INR 50 lacs for Vyapaar (trade) and

    INR 500 crores for Vistaar

    NEFT

    No Minimum

    INR 50 lacs for Vyapaar (trade) and

    INR 500 crores for Vistaar


    RTGS/ NEFT/ ECS Fees & CHARGES

    S. No.

    Items

    Transaction Slab

    Charges

    1.

    NEFT

    Up to INR 10,000

    INR .2.50

    Up to INR 1 lakh

    INR 5

    Between INR 1 lakh & INR 2 lacs

    INR 15

    More than INR 1 lakh

    INR 25


    RTGS Customer Transactions:

    Time of settlement at the RBI

    Transaction Slab

    Charges

    From

    To

    09.00 Hours

    12.00 Hours

    Between INR 2 lacs & INR 5 lacs

    INR 25

    More than INR 5 lacs

    INR 51

    Post 12.00 Hours

    15.30 Hours

    Between INR 2 lacs & INR 5 lacs

    INR 26

    More than INR 5 lacs

    INR 52

    Post 15.30 Hours

    16.30 Hours (Monday to Friday)

    Between INR 2 lacs & INR 5 lacs

    INR 31

    More than INR 5 lacs

    INR 56


    RTGS Inter-Bank Transactions:

    Time of settlement at the RBI

    Transaction Slab

    Charges

    From

    To

    09.00 Hours

    12.00 Hours

    Between INR 2 lacs & INR 5 lacs

    INR 25

    More than INR 5 lacs

    INR 51

    Post 12.00 Hours

    15.30 Hours

    Between INR 2 lacs & INR 5 lacs

    INR 26

    More than INR 5 lacs

    INR 52

    Post 15.30 Hours

    16.30 Hours (Monday to Friday)

    Between INR 2 lacs & INR 5 lacs

    INR 31

    More than INR 5 lacs

    INR 56


    Information Required for Funds Transfer using any Payment Mode:

    While making a NEFT or RTGS transaction with State Bank of India, customers need to provide the below information:

    • Remittance Amount
    • SBI Bank customer’s account number
    • Beneficiary’s bank name
    • Beneficiary’s name
    • Beneficiary’s Account number
    • Sender to receiver information
    • IFSC code of the beneficiary’s bank branch

    As a premier financial institution, State Bank of India was originally established in 1808 as ‘Bank of Calcutta’. State Bank of India is an Indian international, Public Sector investment and banking service organization. It is a state-owned establishment and is headquartered in India’s city of dreams, Mumbai. As per the statistics appraised by December 2013, its assets amounted to over USD 388 billion and 17,000 offices peppered across the country. It also has 190 overseas branches and is the biggest finance services firm in India. It is now ranked among the top three banks in India along with ICICI, Punjab National Bank and Bank of Baroda. SBI offers a wide spectrum of banking services and products comprising of personal banking, agricultural banking, NRI services, international banking and corporate services to a diverse clientele.

    Other IFSC Related Article

    NEFT RTGS UPI
    IMPS BHIM AEPS
    NEFT Timing Digital Wallet Mobile Wallet
    SBI UPI Bank IFSC Code

    News Related to SBI IFSC Code

    • SBI Bank Accounts Shifted To Other Branches Without Prior Notice, Customers Unhappy

      Check your phones to see if you received an SMS from State Bank of India to see if your bank account with them is shifted from one branch to another. Few customers who hold a bank account with SBI have received a message from the bank stating that their account has been moved to another bank branch and that their IFSC code has been changed. This has left many customers unhappy as they preferred the bank asking for their permission before taking that move.

      Though the top management of the bank is silent about this issue, information gathered from various branches revealed that this step was taken reduce operational expenses and to adjust with the recent merger. One has to wait and see how the customers will cope up with the changes as many customers prefer transacting inn their old bank branch.

      19 February 2018

    • SBI Plays Important Role in Digital India Campaign

      The State Bank of India (SBI) has been supporting the Digital India campaign in a huge way by encouraging more and more customers to adopt the same and also introducing many initiatives to facilitate the same.

      The various digital payment facilities that can be used by both SBI merchants and customers include BHIM Aadhaar, Bharat QR, BHIM SBI Pay, which is a UPI-enabled app. With UPI one can both send and receive money without details such as bank account number and IFSC code. For all UPI fund transfer transactions, all that is required is a Virtual Payment Address (VPA).

      Another recent launch by SBI to pave the way for customers to tread the digital path is the Digital SBI Rath.

      8 February 2018

    • SBI to Charge Penalty for Not Maintaining Minimum Balance

      All SBI customers are required to maintain a minimum balance on a monthly basis, if not, there will be a certain penalty charged.

      The bank has listed out the amount of balance that needs to be maintained per account type and failure to do so will attract a non-compliance fee. This fee will vary depending on the amount of shortage. There are four types of branches semi-urban, urban, rural and metro.

      8 February 2018

    • SBI Aadhaar-linking Deadline March 31, 2018

      All SBI account holders can link their savings account with their Aadhaar card through the SBI app, net banking, ATMS or by visiting the concerned bank branch. The deadline to complete the linking process is March 31, 2018.

      The SBI Anywhere app can be used to link the same and to do this one must click on the ‘Requests’ tab.

      8 February 2018

    • Now, SBI to Give Credit Cards to Farmers

      As part of a pilot project, the State Bank of India (SBI) may soon start issuing credit cards to farmers in an effort to give them more access to credit facilities at affordable rates.

      This initiative will first be introduced in Madhya Pradesh, Gujarat and Rajasthan. SBI has reportedly received applications for the same and will make a decision to launch it in other states in the country based on the response received.

      Farmers will be able to shop for farming products online with this card.

      31 January 2018

    • New SBI Platform to Allow NRIs to Remit Money to Indian accounts

      The State Bank of India (SBI) has now joined hands with a US-based firm and launched a new technology platform that will make it easier for NRIs to remit money into bank accounts in India. This new facility will allow those living in the US to easily transfer funds into Indian bank accounts. Money can be sent to any bank account in India using SBI’s network.

      18 January 2018

    • After SBI, Other Top Banks Likely to Reduce Lending Rates

      It is most likely that many top banks in India will follow suit with the State Bank of India (SBI) to reduce their lending rates as competition increases. Some of the banks that may follow the SBI route include HDFC Bank, Axis bank, ICICI Bank, etc. The committee heads of many of these banks are likely to meet soon to make a decision in this regard. As SBI is a market leader in India, other banks are also trying to follow the same path. These new decreased rates will come as an advantage for existing customers, if the lending rate is linked to the base rate. However, chances are, it may not be used as a menchbarch for new borrowers.

      3 January 2018

    • New SBI ATMs in AP

      The State Bank of India (SBI) has installed as many as 151 ATMs across various districts in and around Andhra Pradesh.

      The facilities were inaugurated Mani Palvesan, Chief General Manager, SBI Local Head Office. The main objective behind this initiative is to increase ATM penetration and also offer better quality customer services. More ATMs are liklely to be installed by the end of the month.

      3 January 2018

    • Cheque Books of the Erstwhile SBI Associate Banks Become Invalid

      With the expiry of the deadline for availing new cheque books with regard to the customers of the five erstwhile associate banks of SBI and Bharatiya Mahila Bank, the old cheque books have become invalid. Following the merger of the six banks with State Bank of India, the customers were asked to get new cheque books by 31 December 2017. The deadline to avail cheque books was extended from the original deadline of 30 September 2017. The merger which happened on 1 April 2017 helped SBI join the league of top 50 banks globally in terms of assets. State Bank of Bikaner & Jaipur, State of Mysore, State Bank of Travancore, State Bank of Patiala, State Bank of Hyderabad and Bharatiya Mahila Bank were the banks that merged with the country’s largest public bank.

      1 January 2018

    • Accounts holders of erstwhile SBI associate banks to need new cheque books

      All customers of SBI’s erstwhile six associate banks as well as those Bharatiya Mahila Bank need to apply for new cheque books as all the existing ones will become invalid post 31 December, 2017. This has been called for after the government decided to merge SBI with all its associate banks and the Bharatiya Mahila Bank. Following the merger, State Bank of India entered the list of top 50 banks globally in terms of assets. It needs to be mentioned that SBI recently changed the names and IFSC codes of nearly 1300 branches. As such the new cheque books which can be applied for through internet banking, mobile banking or by visiting the home branch will bear a new 11-digit IFSC code. The alpha numeric IFSC code is required to send or receive money from one bank to another.

      3 January 2018

    SBI Mangalagiri Bazar Branch SBI Dwarakapuri Punjagutta Branch SBI Sripuram Branch Hyderbad
    SBI District Collector Office Prakasam Bhavan Branch SBI Andhra Pradesh Grameen Vikas Bank RRB Branch SBI Mahabubabad Branch
    SBI Mahua Branch SBI Sector 30 Chandigarh Branch SBI Smriti Nagar Bhilai Branch
    SBI AIIMS Raipur Branch SBI Central Market Lajpat Nagar Delhi Branch SBI Chandni Chowk Branch
    SBI New Ashok Nagar Delhi Branch SBI Sme Law Garden Branch SBI Civil Hospital Road Branch
    SBI Huda Complex Rohtak Branch SBI Bashattihalli Indlestate Branch SBI Koramangala Branch
    SBI Pbb Koramangala Branch SBI Racpc Whitefield Branch SBI Haripad Branch
    SBI Thiruvannur Kozhikode Branch SBI Sadar Jabalpur Branch SBI Chinchwad Pune Branch
    SBI Ambajogai Road Latur Branch SBI Bajaj Nagar Nagpur Branch SBI Ashok Nagar Branch
    SBI Indira Nagar Nasik Branch SBI G S Road Evening Branch SBI Rourkela Township Branch
    SBI Pondicherry Town Branch SBI Army Cantt Area Jodhpur Branch SBI Anna University Branch
    SBI Hasthinapuram Branch SBI Racpc Mrc Nagar Chennai Branch SBI Zam Bazaar Branch
    SBI Saibaba Colony Branch SBI Cumbam Adb Branch SBI Palani Branch
    SBI Vandalur Branch SBI Lady Doak College Madurai Branch SBI Voc Nagar Branch
    SBI Thennampalayam Branch SBI Cheyyar Branch SBI Ulunderpet Branch
    SBI Purvanchal Gramin Bank Branch SBI Khadra Branch SBI Shastri Nagar Meerut Branch
    SBI Rajiv Gandhi South Campus Bhu Barkachha Branch SBI Salt Lake Ac Block Branch


  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.