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  • 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


    State Bank of India (SBI) IFSC Code:

    SBI IFSC Code
    SBI IFSC Code

    IFSC, expanded as Indian Financial System Code, is an alpha-numerical code used during money transfer. The State Bank of India (SBI) offers various fund transfer methods such as IMPS, NEFT, and RTGS. 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 allots IFSC codes to all banks across the country.

    Each SBI branch will have a different IFSC code. The IFSC code consists of 11 alpha-numerical. The SBI IFSC code for the Church Street branch in Bengaluru is SBI007987.

    How to Search for SBI Bank IFSC and MICR Codes?

    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.

    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.

    News Related to SBI IFSC Code
    • SBI and Odisha Govt Sign MOU

      The State Bank of India (SBI) has signed a Memorandum of Understanding (MOU) with the Directorate of Treasuries, Odisha government, for SBI e-Pay.

      The aim of this project is to start collecting revenue through a digital platform, SBI e-Pay. Through SBI e-Pay, it will be possible to make online payments of various government dues. Online payment can be made through net banking, mobile banking or through debit or credit cards. The state government’s revenue generating department can easily collaborate with SBI through this payment aggregator platform.

      The aim behind SBI e-Pay initiative is to encourage digital payments.

      17th October 2017

    • New SBI Charges for ATM Withdrawal & Other Services

      All State Bank of India (SBI) customers are eligible to withdraw money from any of the 43,000 ATMs that are are located across the country.

      Money can be withdrawn without any charges from these ATMs and the daily limit is Rs.2 lakh. Apart from this, customers can also make online purchases up to Rs.5 lakh with their SBI card. The withdrawal limits and charges will however vary depending on the card that the customer holds.

      Here are a list of different cards and their withdrawal limits:

      • SBI Classic Debit-cum-ATM Card: This is one of the most popular cards issued by SBI. The daily cash withdrawal limit on this card is Rs.40,000 and the upper limit on the amount for online transactions is Rs.50,000. For issuing this card, SBI charges an 18% GST plus additional charges. Customers will have to pay maintenance charges on a yearly basis for this card.
      • SBI Platinum Debit-cum-ATM Card: With this card, customers can make cash withdrawals of up to Rs.2 lakh per day without any hassle. This applies to both withdrawals made in India and internationally. The upper cap for online transactions is Rs.5 lakh. This card may allow customers to cross the withdrawal limit but it may levy a certain service fee or charge for the service.

      The other facilities provided by the SBI ATM is various banking-related facilities such as change in ATM pin, card-to-card transfer, balance enquiries. Apart from this customers can also pay their credit card bills through the ATM, pay insurance premium, mobile bills or recharge, and also apply for a cheque book. There are many such facilities that customers can make use of at ATM centres apart from cash withdrawal in SBI.

      13th October 2017

    • Largest Innovation Centre to be Built by SBI in Mumbai

      The State Bank of India (SBI) is all set to build a 15,000 square foot innovation centre in Mumbai. The budget for this project is Rs.100 crore and it will be one among the largest financial services innovation centres in India.

      The innovation centre will be built in Navi Mumbai, Belapur at the Global IT Centre, according to officials. There will be as many as 40 different dedicated zones in the 15000 square foot building. Some of the zones will include technology spaces, namely dedicated to machine learning, artificial intelligence, blockchain systems, etc.

      12th October 2017

    • SBI Merger: Use Old Bank Cheque Books Till Year-end

      All customers who have accounts in former SBI associate banks can use their cheque books till December 31, 2017. The IFSC code of the old banks that have merged with SBI will change and hence customers will have to apply for a new cheque book.

      Customers, however, were advised to apply for new cheque books as soon as possible.

      This move comes after SBI merged with six banks. The banks include Bharatiya Mahila Bank, State Bank of Hyderabad, State Bank of Travancore, State Bank of Raipur, State Bank of Bikaner and Jaipur, and State Bank of Patiala.

      12th October 2017

    • SBI to Disburse Loan Worth Rs.650 Crore for Entrepreneurs in Assam

      As much as Rs.1000 crore will be granted as loans to entrepreneurs in Assam under the aegis of the MUDRA scheme for the year 2017-18.

      The target for the State Bank of India (SBI), out of the Rs.1000 crore, is Rs.650 crore. Not just this, SBI will soon come out with a special helpline facility to address queries related to the MUDRA scheme. This announcement was made by PVSLN Murty, chief general manager, SBI.

      Apart from this, Pankaj Jain, joint secretary, department of financial services, said that the focus is on moving from cash-based transactions to cashless/digital transactions. He stressed on the need to reach out to more people to help the smooth transition from cash to digital transactions. He added that though connectivity is a challenge in many areas in the northeast, the challenge has to be overcome.

      6th October 2017

    • Cheque Books from 6 Subsidiary Banks of SBI goes Invalid

      Cheques books and IFSC codes became invalid from the 1 October, 2017 for six banks that are linked under SBI bank. The bank had earlier made a request to all its customers to apply for a new cheque book. All the SBI linked bank’s account holders must have an Indian Financial System (IFS) code.

      Bharatiya Mahila Bank, State Bank of Patiala, State Bank of Raipur, State Bank of Travancore, State Bank of Bikaner and Jaipur, and State Bank of Hyderabad are the six banks for which all the account holders must apply for a new cheque book as soon as possible. One can apply for a cheque book through online or mobile banking systems.

      Rajnish Kumar, managing director, SBI also said that the bank will be making certain changes in the policy of minimum balance issue for students and senior citizens.

      5th October 2017

    • Now, No Account Closing Fees in SBI

      The State Bank of India (SBI) will not charge any fee for the closure of the SBI savings account. This rule is applicable for all customers as along as they have held the respective account for more than 365 days.

      The bank made a decision to implement this new rule after there were protests for penalty charges towards not maintaining minimum balance.

      SBI was charging a fee of Rs.500, plus taxes, for closing an account. The fee waiver will be implemented this month. The move has been taken to encourage more and more customers to move away from the usual savings bank account to the basic savings bank account (BSBA). The BSBA is like any other account, expect there is no cheque book. Those who have this type of account are eligible to get a RuPAy debit card.

      4th October 2017

    • Now, Transfer Your SBI Account to Another Branch Online

      Say goodbye to filling up long forms and waiting in queues. All State Bank of India (SBI) customers can now transfer their savings account to another branch online, at the click of a button, without any hassles. Please note that the IFSC code will change because IFSC is a branch specific code.

      An SBI savings account can be transferred online from one branch to another from anywhere in India. The service can be availed free of cost. The account number of the customer will remain unchanged but the IFSC code will change. In cases where, customers have provided their IFSC code to purchase mutual funds or insurance, etc, the customer will have to inform the respective institutions about the change in IFSC code.

      In order to initiate this process, the customer will have to have an active and valid savings account, an active internet banking username and password and a registered mobile number. The customer should also keep in handy his/her branch code.

      How to initiate the branch transfer process?

      • Log on to the SBI web portal

      • Go to the personal banking section and log in by providing username and password

      • Tap the ‘e-services’ option and click on ‘Transfer of savings account’

      • Choose the account that has to be transferred and key in the branch code

      • Verify details and click ‘Confirm’ and key in the OPT to complete the process

      • Once the transfer has been initiated successfully, a message will be displayed.

      It will take about a week for the process to be completed successfully.

      28th September 2017

    • SBI Likely to Re-introduce Minimum Balance Charges

      The State Bank of India (SBI) has started looking into making changes with respect to charges made for various types of accounts maintained with the bank.

      The bank has been reviewing different categories of accounts for non-maintenance of a certain predefined monthly average balance. This decision has been made after the bank received feedback from its customers. SBI has already made a decision to charge customers for the non-maintenance of a minimum balance.

      Rajnish Kumar, Managing Director, SBI, said that the issue is being addressed and reviews are being made.

      21st September 2017

    • IFSC Codes of 6 SBI Subsidiary Branches to Become Inactive by Sep 30

      The State Bank of India (SBI) has announced that the IFSC codes and cheque books of 6 of its subsidiary banks will become inactive by September 30.

      The banks are: Bhartiya Mahila Bank, State Bank of Hyderabad, State Bank of Travancore, State Bank of Raipur, State Bank of Bikaner, and State Bank of Raipur.

      All customers of these banks will have to apply for new cheque books before the end of the month. Customers will also have to take note of the changes in the IFSC code that will be made by September 30. All old IFSC codes will become inactive by this time.

      The bank is also contemplating on making other types of policy changes.

      21st September 2017

    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


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