List of IFSC code, MIRC code, Contact number and addresses of all STATE BANK OF INDIA in India
SBI IFSC Code
SBI IFSC code is the unique and 11 words of long alphanumeric used for the transferring of funds online. This IFSC code is used for initiating the IMPS, NEFT or RTGS transfer. The first four characters show the name of the bank. Such code is the different code which is assigned for all the branches of bank worldwide. It enables all the account holders of the SBI banks for sending as well as receiving money online. SBI IFSC code is allotted by RBI to every branch of SBI which helps to carry out transactions of RTGS and NEFT easily.
The first four characters comprise of the name of the bank. And in the bank of SBI IFSC code, the four characters will be ‘SBIN’. Thus, there is 0 number in the middle of the code which is set for the later use. And the last 6 characters will recognize the code of the branch.
For example, the SBI IFSC code of Mumbai city will be SBIN0000300 where the first four characters are the name of the bank and after which follows the number 0 and then the branch code. The last six digits are the code of the SBI IFSC code branch – 000300.
How to find IFSC code of SBI?
You can find your bank SBI IFSC code by selecting your bank name with your state, then you need to select the city and then you need to select your branch. Then you will be able to find out the SBI IFSC code of your bank and branch easily and can do the fund transfer quickly.
How to transfer fund using SBI NEFT, RTGS, and IMPS?
If you want to go with NEFT, RTGS or IMPS payment online, then you just need to follow some of the steps below. If you are going with RTGS, then you need to login on your Netbanking account with your customer ID and password and choose the fund transfer option with your bank accounts. Or if you are choosing the NEFT or IMPS transfer option, then you need to login to your respective Bank application and choose fund transfer option in it.
After this, the procedure is very simple as follows: -
1. Fill out the details of the form accordingly which displays on the screen of your mobile or PC, then enter the amount you have to transfer it.
2. Fill the detail of beneficiary with care and proper IFSC codes.
3. Then click on the submit button where you will receive OTP in RTGS transfer option, in NEFT or IMPS, there is no requirement of OTP, then the payment successful message will be displayed.
How to find out your MICR and IFSC codes of SBI?
You can determine SBI IFSC code or MICR code from the checkbook or by selecting the state and city of your bank. A MICR code is the 9 digits code of magnetic ink character recognition which is also find out by choosing the branch and state with city.
About State Bank of India
State Bank of India is the flagship company of the group which has its ancestor to the bank of Calcutta which was discovered in 1806. It was the first ever bank built in India. It has a presence across the world where 195 foreign offices are spread worldwide in around 36 countries.
The main functioning of SBI bank can be categorized into two which are thh3e central banking functions and the other one id ordinary banking functions. SBI bank is the banker to all the state as well as central government which receives or pays money on the behalf of the governments.
SBI RTGS Timings
Monday to Friday – 9 AM – 4:30 PM
Saturday – 9 AM – 2 PM
SBI IMPS Timings
Monday to Friday – 8 AM – 7 PM
Monday to Friday – 8 AM – 7 PM
IMPS (Immediate Payment Service)
It is the instant method of transferring fund in India as it provides fund transferring electronically in the different bank via mobiles. It is not like NEFT or RTGS, this service is available 24 * 7 all the year including the holidays. SBI IFSC code is necessary for this.