State Bank of India (SBI) IFSC Code

State Wise List of State Bank of India (SBI) branches in India with IFSC code, MICR code and addresses.

State Bank of India IFSC Code

SBI IFSC code is a unique code given to each branch of any bank. IFSC stands for Indian Financial System Code which is unique for each branch.
The SBI IFSC code is an 11 digit long alpha-numeric distinctive code that is given by the RBI to all the branches of SBI in order to facilitate online payment using NEFT and RTGS.
It is also very helpful in order to search bank branch address.

Details about SBI IFSC Code:

Every branch has its own unique SBI IFSC code. In order to identify any account one needs bank account number along with SBI IFSC code to relocate the account number despite of the fact that the account holder is of the same name. Every SBI branch has its own SBI IFSC code which is of 11 digits. The first four are alphabets which is the bank’s name that is SBIN. After SBIN it has a zero followed by 6 digits which would represent the branch. For example, SBI IFSC code of Rajouri Garden, New Delhi SBI branch is SBIN0032277. Similarly, every other bank branch have similar codes but not the same.

About State Bank of India:

State Bank of India is a public sector banking and financial service company founded on July 01, 1955. It is a very know public sector unit which is owned by both the government and the private individuals. SBI is one of the most prominent banks in India and is one of the largest in terms of market share and bank account holders. The company was also listed in Fortune 500 companies in 2017 and is one of the oldest banks in Indian subcontinent. It also has multinational presence and has ATMs and bank branches in many countries apart from India. The bank has served loans, bonds, etc. apart from offering general banking services. SBI is known to be one of the most trustworthy banks in the country when the country is amid banking crisis due to rising NPAs.

How to Search your SBI IFSC Code and MICR Code?

Well it is not much problematic to get your SBI IFSC code and MICR code. You just need to visit the SBI Online website and click the icon which will direct you to a link where you can search your codes. Other option and the easiest is to look up to your passbook that will have your SBI IFSC code and MICR code mentioned on it. Using your SBI IFSC code you can get the branch details including your bank branch address. MICR code stands for Magnetic Ink Character Recognition and is printed on your chequebook in order to clear the cheque within time with early recognition. You can find it on the bottom of your cheque book.

Uses of SBI IFSC Code:

There are various uses of SBI IFSC code. Here are few of such uses:

• SBI IFSC code is necessary to transfer funds online using RTGS and NEFT methods of transfer.
• Since it is a unique number thus it helps in identification of bank holder’s account and transfers fund swiftly.
• Using SBI IFSC code makes your online transfer very easy and quickly
• There is very less chance of error while using SBI IFSC code for transfer
• Since one can misspell account number or name but without the correct SBI IFSC code transfer would not be possible
• For a correct transfer to take place, both account number and SBI IFSC code should be correct

State Bank of India MICR Code:

State Bank of India like any other bank also generates a unique MICR code which is known as Magnetic Ink Character Recognition. This is printed on the bottom of every cheque which is used to recognize the authenticity of each cheque and help in early clearance of cheque. MICR code is read by MICR code reader which reads the code and processes the cheque for clearance.

How to Look for SBI IFSC Code and MICR Code?

As stated above, you can find both the SBI IFSC code and SBI MICR code either on your passbook or on your cheque. SBI IFSC code can also be found using the address of your bank branch. You can visit SBI online website and then can visit the page where SBI IFSC code details are given. Enter your branch address of your bank and get your SBI IFSC code. For MICR code you can follow the online procedure or you can simply see your cheque or passbook.

After Rationalization, Revised code for its Branches:

State Bank of India being the biggest bank in India has its branches not only in India but also abroad. With the banking crisis and other bank strategies at play, the bank has merged many other small or regional banks within itself making it part of one SBI family. In the due process of rationalization, many branches have changed their IFSC code and also other such details. The old codes, passbooks and chequebooks are no longer valid which means that one has to get another set of codes and books. You need to visit the bank branches which have gone through this process and get your SBI IFSC code and other bank related documents.

SBI in the recent while has merged around 7 other banks within itself like the Bank of Mysore, Bhartiya Mahila Bank, and State Bank of Travancore, State Bank of Jaipur and State Bank of Patiala. As these banks are now part of the State Bank of India, there old IFSC codes, passbooks and chequebooks including MICR code are invalid. The SBI has already mapped around 1000 branches who have gone through changes and have given it new SBI IFSC code which can be easily seen on the bank website. It will help in easy transfer of funds using SBI mobile banking and other online methods of fund transfer.

How can I Transfer Money using RTGS, IMPS and NEFT Methods?

Like any other banks, SBI too has introduced different methods of transferring funds in a time bound method. This can be done using online banking as well as mobile banking.

Transfer using NEFT:

SBI has introduced National Electronic Fund Transfer method where one can transfer funds online to another person within a few seconds. This requires you to have any electronic device like a mobile phone or computer. Using particular and designated mobile apps or website, you can transfer money instantly. This requires you to know the bank account and SBI IFSC code of the person to whom you will make such transfers. With these two details you can easily transfer money online or through mobile. The amount limit to be transferred has not been specified but on daily basis you can transfer money from Rs 1 to Rs 10 Lakhs. There also few restrictions which you need to enquire before you make any such transfer.

Transfer using RTGS:

Real Time Gross Settlement service which is offered by SBI is another such method of transferring funds. This methods of transfer is used mostly to transfer big amounts which are more than 2 lakhs in general. This method of transfer can used within geographical boundaries of India and it is very quick method of transfer. This also requires SBI IFSC code along with account number.

Transfer using IMPS:

IMPS is known as Immediate Payment Service which was introduced by the SBI in the year 2010. This is one of the most popular methods of money transfer where you can transfer your amount on weekdays as well as weekends. In order to make any transfer, you need to know the account number and SBI IFSC code of the person in whose account you are going to make such transfers. Though with the rising digitalization the banks have reduced or almost removed any kind of charges for money transfer yet in case it isn’t, you will be charged Rs 2.5 to Rs 25 for any such transfers depending upon the transfer amount.

Other Details Related to Transfer:

Maximum and Minimum Transferable Amount under RTGS and NEFT:

RTGS: Minimum amount that can be transferred is 2 lakhs while maximum is Rs 10 lakhs

NEFT: There is no minimum amount limit. It can be even Rs 1. Maximum amount limit is Rs 10 Lakhs

Under Corporate Internet Banking Minimum and Maximum Transferable Amount:

RTGS: The minimum limit is Rs 2 lakhs while the maximum limit for Vyapar is Rs 50 crores but for Vistar it is Rs 500 crores.

NEFT: There is no minimum limit but for maximum there are two schemes. In Vyapaar, you can transfer Rs 50 crores while in Vistar you can transfer Rs 500 crores.

Charges for Transaction:


For a transfer made up to Rs 10, 000, Rs 2.5 is generally charges by the bank. For transfer up to Rs 1 lakh, Rs 5 is charged. Transaction between 1-2 lakh, Rs 15 is charged and above 2 lakhs, Rs 25 is charged per transaction.

RTGS Customer Transaction:

Between 9 hours to 12 hours, for amount between Rs 2 lakhs to Rs 5 lakhs, Rs 25 is charged. For amount more than 5 lakhs, Rs 51 is charged.
Between 12 hours to 15:30 hours, for amount between Rs 2-5 lakhs, Rs 26 is charged. For amount more than 5 lakhs, Rs 52 is charged.