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SBI IFSC Code, MICR Code & Addresses in India

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SBI IFSC Code

State Bank of India IFSC Code February 2018

State Bank of India (SBI) 2018 IFSC Code

 

IFSC refers to Indian Financial System code. An IFSC code is a special alphanumeric code for the bank’s branch. This is a unique identification number needed prior to wire transfer.

The SBI IFSC code is used in RTGS, NEFT and IMPS transfers, without which these transfers are impossible. These codes will provide RBI to banks.

SBI has many branches across the country, So the IFSC code of SBI will be different in different branches across country

SBI has eleven letters in the IFSC code, including numbers and letters. The first four letters refer to the ‘SBIN’ bank.
Then there is a zero in the middle, which is assigned for future use. The last six letters specifically identified the branch.

It is important to know your department’s IFSC code. It’s also very easy. Most chequebooks have the IFSC code for your convenience.

Bank’s website and many other dedicated websites have an IFSC code listing.

 

For latest news related to home loan schema in India refer – Home Loan news in India

 

How to Search for SBI IFSC Code and MICR Code?

If you are looking for the SBI IFSC Code of your Home Department, it will be printed on the bank’s chequebook. If you do not have your passbook with you, SBI can easily view IFSC code online. This is the same as the SBI MIRR code. This information can be viewed on SBI’s official website with some financial third-party websites and other financial comparison portals.

How can I transfer money using SBI Bank NEFT, RTGS, IMPS processes?

SBI provides various procedures to ensure safe transactions with other SBI Bank Branches and other bank branches. Customers can use NEFT, RTGS and IMPS to transfer.

National Electronic Fund Transfer (NEFT)

SBI introduced e-Monis National Electronic Funds Transfer It’s a hassle-free, An electronic facility to transfer funds that allow convenient and easy money transfer. NEFT transactions to SBI franchises do not have any maximum limits. When the net banking transaction comes to the customer, the daily limit of Rs. 1 to Rs. 10 lakhs. To process NEFT transactions online,The SBI follows the scheduled time schedule.

Real Time Gross Settlement (RTGS)

Real-time gross settlement or RTGS is a super fast method of transferring money and transfers are real time. These transactions contain quick fixing wheels due to a clearinghouse or inter-bank solving problems.
RTGS transactions are not limited to Indian geography. There are no transactions restrictions for transactions through the home branch.

Instant payment service (IMPS)

Instant Payment Service is a soft bank-to-bank electronic fund transfer service offered by SBI. With IMPS,
Customers are available weekly as well as Sundays and bank holidays. In IMPS transfers,
In the second case, the beneficiary’s account will be financed.

Pradhan Mantri Awas Yojana in Hyderabad Telangana

 

The min & max sum for RTGS and NEFT transactions as per the retail internet banking are described below:

 

RTGS NEFT
Minimum Rs. 2 lakh No limit as such
Maximum Rs. 5 lakh Rs. 5 lakh

RTGS/ NEFT/ ECS Fees and Charges

S. No. Particulars Transaction Amount Charges
1. NEFT
Up to Rs. 10,000 Rs. 2.50
Up to Rs.1 lakh Rs.5
Between Rs.1 lakh and Rs.2 lakh Rs.15
More than Rs.2 lakh Rs.25

 

RTGS Inter-Bank Transactions Details R-41 (Functional during weekdays only)

19 things you should consider when taking up a home loan in India

 

Time of settlement at the RBI Transaction Amount Charges
From To
9 a.m. 12 p.m. Rs. 2 lakh – Rs. 5 lakh Rs. 25
Rs. 5 lakh and above Rs. 51
12 p.m. 2.30 p.m. Rs. 2 lakh – Rs. 5 lakh Rs. 26
Rs. 5 lakh and above Rs. 52
2.30 p.m. 4.30 p.m. Rs. 2 lakh – Rs. 5 lakh Rs. 31
Rs. 5 lakh and above Rs. 56

Information required to transfer funds using any mode of payment

When the NEFT / RTGS transaction is initiated, State Bank of India customers should provide the following information.

The amount of payments
SBI Bank Account Number
The bank name for the beneficiary
The name of the beneficiary
Beneficiary Account Number
Receiver information to sender
The beneficiary is the IFSC code of the bank branch
State Bank of India
State Bank of India is a major financial institution. The SBI Foundation was founded in 1808. It was first called ‘Bank of Calcutta’. State Bank of India, Indian International, Public Sector Investments,
And banking service company.
The government-owned company has headquarters in Mumbai.

According to statistics, SBI’s total assets are worth the US $ 388 billion. There are 17,000 offices across the country. As the largest Indian financial services company, it has 190 branches.
Personal banking services, NRI services, agricultural banking services,
Corporate banking services, international banking services etc. to their clients.

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STATE WISE LIST OF STATE BANK OF INDIA IFSC Code

STATE BANK OF INDIA IFSC Code ANDAMAN AND NICOBAR ISLAND

ANDHRA PRADESH STATE BANK OF INDIA IFSC Code

AP STATE BANK OF INDIA IFSC Code

ARUNACHAL PRADESH STATE BANK OF INDIA IFSC Code

ASSAM STATE BANK OF INDIA IFSC Code

BIHAR STATE BANK OF INDIA IFSC Code

BR STATE BANK OF INDIA IFSC Code

CH STATE BANK OF INDIA IFSC Code

CHANDIGARH STATE BANK OF INDIA IFSC Code

CHHATTISGARH STATE BANK OF INDIA IFSC Code

DADRA AND NAGAR HAVELI STATE BANK OF INDIA IFSC Code

DAMAN AND DIU STATE BANK OF INDIA IFSC Code

DELHI STATE BANK OF INDIA IFSC Code

DL STATE BANK OF INDIA IFSC Code

GA STATE BANK OF INDIA IFSC Code

GJ STATE BANK OF INDIA IFSC Code

GOA STATE BANK OF INDIA IFSC Code

GUJARAT STATE BANK OF INDIA IFSC Code

HARYANA STATE BANK OF INDIA IFSC Code

HIMACHAL PRADESH STATE BANK OF INDIA IFSC Code

HP STATE BANK OF INDIA IFSC Code

HR STATE BANK OF INDIA IFSC Code

JAMMU AND KASHMIR STATE BANK OF INDIA IFSC Code

JH STATE BANK OF INDIA IFSC Code

JHARKHAND STATE BANK OF INDIA IFSC Code

JK STATE BANK OF INDIA IFSC Code

KA STATE BANK OF INDIA IFSC Code

KARNATAKA STATE BANK OF INDIA IFSC Code

KERALA STATE BANK OF INDIA IFSC Code

KL STATE BANK OF INDIA IFSC Code

LAKSHADWEEP STATE BANK OF INDIA IFSC Code

MADHYA PRADESH STATE BANK OF INDIA IFSC Code

MAHARASHTRA STATE BANK OF INDIA IFSC Code

MANIPUR STATE BANK OF INDIA IFSC Code

MEGHALAYA STATE BANK OF INDIA IFSC Code

MH STATE BANK OF INDIA IFSC Code

MIZORAM STATE BANK OF INDIA IFSC Code

MP STATE BANK OF INDIA IFSC Code

NAGALAND STATE BANK OF INDIA IFSC Code

ODISHA STATE BANK OF INDIA IFSC Code

OR STATE BANK OF INDIA IFSC Code

PB STATE BANK OF INDIA IFSC Code

PUDUCHERRY STATE BANK OF INDIA IFSC Code

PUNJAB STATE BANK OF INDIA IFSC Code

PY STATE BANK OF INDIA IFSC Code

RAJASTHAN STATE BANK OF INDIA IFSC Code

RJ STATE BANK OF INDIA IFSC Code

SIKKIM STATE BANK OF INDIA IFSC Code

TAMIL NADU STATE BANK OF INDIA IFSC Code

TELANGANA STATE BANK OF INDIA IFSC Code

TN STATE BANK OF INDIA IFSC Code

TRIPURA STATE BANK OF INDIA IFSC Code

TS STATE BANK OF INDIA IFSC Code

UK STATE BANK OF INDIA IFSC Code

UP STATE BANK OF INDIA IFSC Code

UTTARAKHAND STATE BANK OF INDIA IFSC Code

UTTAR PRADESH STATE BANK OF INDIA IFSC Code

WB STATE BANK OF INDIA IFSC Code

WEST BENGALSTATE BANK OF INDIA IFSC Code

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