State Bank Of Mauritius IFSC code & MICR code

In order to transfer money to a beneficiary, it is essential to know his/her bank account name, number, and the IFSC code, there are a number of means to search for a particular bank's IFSC or MICR code. Here's how State Bank of Mauritius's MICR code and IFSC code can be found:

1. IFSC and MICR codes can be availed offline by visiting the bank's nearest branch or calling on their customer support number.
2. Another offline way is the bank's check book and passbook. The IFSC and MICR code will be printed on every check leaf and on the inside of the front or back cover of the passbook.
3. An online means to check for State Bank of Mauritius's IFSC code is to visit the bank's official website. Here the codes for every branch, along with the address, can be found.
4. There are several third party websites which also provide information about these codes. BankBazaar is one such portal, where code details can be found by entering relevant information such as state, district, and branch.

How to Transfer Funds Using State Bank of Mauritius' NEFT and RTGS?

State Bank of Mauritius offers its customers facilities to transfer money, through NEFT or RTGS, anywhere in the country. The details are provided below:

National Electronic Funds Transfer (NEFT):

There is no basic limit to transfer funds through the NEFT system. It is a secured channel where the recipient receives the money within a few hours on the same day. NEFT service during the bank hours and are settled batch wise, depending on the time of the transactions.

Real Time Gross Settlement (RTGS):

RTGS is a third party fund transfer service facilitated by the bank, when the amount cannot be transferred through NEFT. RTGS transactions are taken care of immediately within the designated working hours of both the banks - the sender bank and the recipient bank. For an RTGS transaction the beneficiary amount should be more than Rs 2 lakh. The transaction is done on an individual basis.

NEFT and RTGS Charges:

State Bank of Mauritius charges NEFT and RTGS rates as per the guidelines issued by RBI.

About State Bank of Mauritius:

State Bank of Mauritius, is a bank in Mauritius and the second largest company listed on the Stock Exchange of Mauritius. It is licensed as a commercial bank by the Bank of Mauritius, the national banking regulator.