State wise list of State Bank Of Mauritius IFSC code, MICR code and addresses of all branches in India
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The Indian Financial System Code, commonly known as the IFSC code, is a unique alphanumeric code, designated to every bank and its branch in the country. This code is assigned by the Reserve Bank of India (RBI).
The IFSC code of any bank is divided into 3 parts- the bank name, the numeral “0” and the unique branch code. For example, the State Bank of Mauritius’s IFSC Code for the Mumbai branch is STCB0000065.
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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:
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.
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.
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