SBI IFSC Code & MICR Code Directory

An SBI IFSC code is an 11-character code. The first four letters- 'SBIN' denote State Bank of India. The fifth character is always '0', reserved for future use, and the last six digits identify the specific branch.

The IFSC (Indian Financial System Code) is essential for initiating fund transfers via NEFT, RTGS, IMPS, or internet banking. Entering the correct IFSC ensures smooth and accurate transactions.

After it acquired five associate banks and one other bank, SBI reworked the IFSC codes of approximately 1,300 branches in India. The new SBI IFSC codes can now be searched by choosing the name of the bank, branch, and location from the dropdown option given.

The IFSC (Indian Financial System Code) is an alphanumeric code given by the regulatory authority to every bank branch, which facilitates easy electronic fund transfer through NEFT, RTGS, or IMPS. Ensure you enter the correct IFSC code for a successful and secure transaction.

To locate the SBI IFSC code and MICR code, individuals can simply check their SBI chequebook, where both details are usually printed. Alternatively, the information is available on the official State Bank of India website and on reliable third-party financial platforms.

One such platform is Fi Money, which allows users to search IFSC codes easily. Scroll to the bottom of the Fi Money homepage and click on the 'Bank IFSC Code' link. You'll be redirected to a page with four dropdowns. Select the bank name (SBI), state, district, and specific branch. The site will display the SBI IFSC code, MICR code, branch address, and contact details.

The MICR (Magnetic Ink Character Recognition) code is mostly used to authenticate the genuineness of physical banking documents, like cheques, at the time of processing and clearance.

The State Bank of India (SBI), a top public sector bank in India, started a systematic process of rationalisation after its 2017 merger of five associate banks and Bharatiya Mahila Bank. This process, almost over, involved the relocation and consolidation of many branches.

As part of this rationalisation, more than 1,000 SBI branches were structurally reorganised between April and September 2017. Approximately 125 branches were shifted, and numerous associate bank branch locations were merged into existing SBI branches. The changes also prompted modifications to the SBI IFSC codes of impacted branches.

The consolidation included banks like State Bank of Mysore, State Bank of Travancore, State Bank of Patiala, State Bank of Bikaner & Jaipur, and Bharatiya Mahila Bank. Though SBI has internally updated the old IFSC codes to their updated counterparts for a hassle-free transition, customers are requested to request new cheque books since the ones issued earlier might not be functional now.

State Bank of India (SBI) provides a range of easy, safe digital platforms for sending money, whether to another SBI branch or any other bank in India. Depending on the urgency and the amount involved, the customer can use NEFT, RTGS, or IMPS.

SBI's e-Monies NEFT facility enables seamless fund transfers across banks in India. While there is no upper limit for NEFT transactions at SBI branches, transfers via online banking are capped at ₹10 lakh per day. As per time slots defined by the regulatory authority, NEFT transactions are processed hourly during working hours.

RTGS is best suited for high-value funds requiring real-time settlement. Because the value is settled immediately and separately, there is no time spent waiting for batch settlement. RTGS is ideal for over ₹2 lakh, and there is no upper limit if carried out at the branch. International RTGS transfer is also likely, subject to regulations.

For 24x7 instant fund transfers including weekends and bank holidays, SBI's IMPS service is the most convenient. Funds are credited within minutes, making it perfect for emergency or real-time needs. IMPS is accessible via mobile banking, net banking, and ATMs.

Whether it is a small amount or big, SBI's online payment platform guarantees safe, fast, and hassle-free money transfers anywhere, anytime.

State Bank of India offers competitive RTGS charges based on transaction timing and amount.

While performing a NEFT or RTGS transaction via State Bank of India, the customers are required to furnish the following details:

The State Bank of India (SBI) is India's largest public sector bank. Headquartered in Mumbai, SBI offers a wide range of financial services including personal banking, corporate banking, NRI services, international banking, personal loans, and agriculture-focused offerings. With over 17,000 branches in India and a strong global presence through 190 overseas offices, SBI serves millions of customers worldwide. It ranks among the top three banks in India, alongside other public sector banks and continues to be a key driver in the country's financial ecosystem.