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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


    SBI IFSC Code

    SBI IFSC Code

    SBI IFSC code can be used for 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 (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.

    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.

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

    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.

    Other IFSC Related Article

    NEFT RTGS UPI
    IMPS BHIM AEPS
    NEFT Timing Digital Wallet Mobile Wallet
    SBI PAY

    News Related to SBI IFSC Code

    • SBI Interest Rates Increase on Bulk Deposits

      Interest rates on bulk deposits that are more than Rs.1 crore will pay customers 1% more from November 30, 2017. There has been an increase in interest rates by 100 basis points.

      The interest rate on deposits held from 7 days to 45 days will pay at the rate of 4.75%, as compared to the earlier 3.75% for deposits held for a period ranging from 46 days to 210 days, the rate of interest paid will be 4.85%. For deposits held for a period ranging from 211 days to 365 days and for deposits held from 1 year to 10 years, the interest rate is 5.25%.

      On the other hand, the rate of interest on deposits less than Rs.1 crore, the interest rate has been reduced by 25 basis points.

      6th December 2017

    • SBI Launches YONO: An All-in-One App

      The State Bank of India (SBI) has launched a new all-in-one integrated app called YONO, expanded as You Only Need One. The app was launched by Arun Jaitley, Union Finance Minister and Rajnish Kumar, Chairman of SBI. The app offers a wide range of financial services that caters to all needs of the consumer, including banking, lifestyle and investment needs. The app can also be used to open an SBI account at the click of a button in a matter of seconds, initiate fund transfers and do online shopping. The app is available on both Android and iOS platforms.

      29th November 2017

    • SBI Launches Integrated App YONO for All Financial, Lifestyle Needs

      The State Bank of India (SBI) has introduced a new app called You Need Only One (YONO) that aims to provide customers all types of financial and lifestyle solutions.

      The app can be used for as many as 14 categories of lifestyle services including booking cabs, paying bills, etc. In an effort to provide such services to consumers, the bank has joined hands with more than 60 e-commerce players in the industry including BYJU’s, Swiggy, Yatra, Flipkart, etc.

      The main objective behind this app is to provide an umbrella of services under one roof. The app is available on both Android and iOS platforms.

      The app has been developed by using artificial intelligence, machine learning and predictive analysis. Many other apps will be collaborating with YONO in the near future.

      24th November 2017

    • How to Link Aadhaar with SBI Bank Account

      The deadline to link your Aadhaar card with your State Bank of India (SBI) account is December 2017. It is mandatory for all SBI customers to complete the linking process within the deadline, if not, the bank account will become invalid.

      The linking process can be done online through a customer’s internet banking account, SBI mobile app, through SMS or even an SBI ATM. Those who want to visit the branch can link their account there as well.

      To link your Aadhaar number with your SBI account by visiting the branch, submit a copy of the Aadhaar or an e-Aadhaar along with a letter of request. Once these documents are submitted at the branch, the linking process will be initiated and once completed, the customer will receive an SMS.

      Net banking users can log on to www.onlinesbi.com, go to the ‘My Accounts’ section and click on ‘Link your Aadhaar number’. To initiate the process through SMS, compose a message in the following format: UID(space)Aadhaar number(space)Accountnumber to 567676. To do the same through an ATM, click on ‘Service Registrations’ and choose the ‘Aadhaar Registration’ option.

      22nd November 2017

    • SBI: New Revamped App for Digital Offerings

      The State Bank of India (SBI) will soon introduce an upgraded and revamped version of their app to cater to all digital payment transactions.

      The new updated version of the SBI app is likely to be the ‘fulcrum’ of all digital offerings. The scope of the app is also likely to expand and not be limited just to SBI banking. So, it will be possible for a customer to manage his/her mutual fund accounts, buy life insurance policies, shop or even transact using a demat account.

      Representatives from the bank said that there has been a change in the way people are banking and more and more customers are going digital instead of visiting bank branches or using ATMs.

      20th November 2017

    • SBI: No Need to Maintain Minimum Balance

      SBI does not prescribe any minimum balance requirement for customers. Those holding a savings account need not maintain a minimum balance.

      This feature is available on the Basic Savings Accounts offered by SBI. These type of savings accounts can be opened by all individuals by providing Know-Your-Customer (KYC) documents. The aim of this type of account is to encourage the poor to open bank accounts and save money.

      The rate of interest on this savings account will be the same as other savings accounts and a debit card, which will be a basic RuPay ATM-cum-debit card, will be issued as a complimentary benefit. There will be no maintenance charges on this card. Apart from this, other services such as NEFT/RTGS can be carried out for free. There will also be no charges for closing the account and the account can be opened either by a single individual or as a joint account.

      16th November 2017

    • SBI and Aadhaar Card Linking: December 31 deadline

      All SBI customers will have to compulsorily link their Aadhaar card with their bank account and also provide their PAN card details by December 31, 2017.

      As per a government notification, all account holders have been urged to link their bank accounts with their Aadhaar card. SBI has made an announcement on its Twitter page, stating that customers will have to submit their Aadhaar card details in order for their accounts to be operative.

      Customers can complete the lin king process through various channels such as net banking, ATMs or by visiting the nearest SBI branch.

      16th November 2017

    • Now, Earn Reward Points for Every SBI Transaction

      The State Bank of India (SBI) is now offering reward points for certain transactions with the bank through their State Bank Rewardz app.

      All customers will be eligible for certain reward points for various transactions such as making loan payments, opening a demat account, savings or current account, using an SBI debit card, etc. The points can be used to pay utility bills, to book movie tickets, flight tickets or even shopping.

      To register for the service, download the State Bank Rewardz app, enter your debit card or CIF number, account number details and proceed to carry out OTP verification Create username and password.

      14th November 2017

    • SBI to Expand Operation Overseas

      The State Bank of India (SBI) is likely to expand its operations in other countries and take the international path to expansion.

      As part of this move, SBI is likely to open more branches in Nepal, Vietnam, etc. This is part of a 3-year goal to foster international operations for at least 15% of its operations. SBI found itself among the top 50 global banks in the world after a recent merger deal this year. The bank already has a presence in over 35 countries globally and has as many as 206 offices in parts of Asia alone. The aim is to have 100 offices in Nepal.

      10th November 2017

    • Smart Ways To Get The Best Deal On Your Home Loan

      State Bank of India, the leading public sector bank in the country made their home loan customers happy by reducing their interest rates by 5 basis points. Currently, their interest rate stands at 8.30% p.a. The bank also claims that this is the lowest interest rate in the market as of now.

      So, if you are thinking of taking a home loan, here are few smart ways that you can follow to get the best deal.

        • Remember that you can negotiate the interest rate. Most of us think that the interest rate offered by the bank is the final offer. However, that is not the truth. Please use a home loan eligibility calculator to check if you qualify to apply for a loan. Once you know the loan amount you are eligible to receive, you can go ahead and negotiate the interest rate with the bank.

        • Compare various home loans before applying for one. There are many websites like BankBazaar that allow you to compare various home loans. Use one of these websites and check your eligibility using an online home loan eligibility calculator. Do not be in a hurry.

      14th November 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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