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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

    State Bank of India 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 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.

    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

    • 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.

      18th 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.

      3rd 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.

      3rd 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.

      1st 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.

      3rd January 2018

    • How to Link SBI Account with Aadhaar

      There are many ways through which a State Bank of India (SBI) customer can link their savings account with Aadhaar. The linking process can be initiated through multiple channels such as internet banking, mobile banking, through SMS based verification, and ATMs. To link Aadhaar card with SBI savings account through your mobile app SBI Anywhere Personal, login in, go to requests and select Aadhaar and then link the same. The process can also be completed by visiting the nearest SBI branch.

      19th December 2017

    • SBI IFSC Code Change: Apply for New Cheque Books Before Dec 31

      All State Bank of India (SBI) customers, who have accounts with recently merged banks, have to apply for new cheque books before December 31, 2017. This is because the IFSC codes of the merged banks have changed after SBI took over.

      The old cheque books cannot be used after December 31. Customers can apply for new cheque books through mobile banking/internet banking, by visiting the branch or through an ATM.

      SBI recently merged with Bharatiya Mahila Bank, State Bank of Hyderabad, State Bank of Patiala, State Bank of Travancore, State Bank of Mysore and State Bank of Bikaner and Jaipur.

      12th December 2017

    • SBI Reduces NEFT, RTGS Charges

      The State Bank of India (SBI) has reduced the charges availed for National Electronic Fund Transfer (NEFT) and Real Time Gross Settlement (RTGS) transactions.

      SBI has reduced the transaction charges by 75% in an effort to encourage more and more customers to bank the digital way. The new charges will be applicable on all internet and mobile banking transactions. Apart from this, for all Immediate Payment Service (IMPS) funds transfers of up to Rs.1000, there will be no charges.

      The deadline to link your Aadhaar number with your SBI bank account is December 31, 2017.

      10th December 2017

    • 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 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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