GORAI BR., BORIVALI (WEST)
,
GREATER BOMBAY
IFSC Code : SBIN0011754
State: MAHARASHTRA
District: GREATER BOMBAY
City: MUMBAI
Branch: GORAI BR., BORIVALI (WEST)
SIR P M ROAD , FORT, MUMBAI
,
GREATER BOMBAY
IFSC Code : SBIN0060113
State: MAHARASHTRA
District: GREATER BOMBAY
City: MUMBAI
Branch: SIR P M ROAD , FORT, MUMBAI
SERVICE MUMBAI
,
GREATER BOMBAY
IFSC Code : SBIN0070620
State: MAHARASHTRA
District: GREATER BOMBAY
City: MUMBAI
Branch: SERVICE MUMBAI
GANESH NAGAR
,
DELHI
IFSC Code : SBIN0016119
State: DELHI
District: DELHI
City: DELHI
Branch: GANESH NAGAR
KAROL BAGH, NEW DL
,
DELHI
IFSC Code : SBIN0031466
State: DELHI
District: DELHI
City: DELHI
Branch: KAROL BAGH, NEW DL
ESCORTS HEART INSTITUTE
,
NEW DELHI
IFSC Code : SBIN0010448
State: DELHI
District: NEW DELHI
City: DELHI
Branch: ESCORTS HEART INSTITUTE
The SBI IFSC code is an 11-digit alphanumeric number that is assigned to the bank by the Reserve Bank of India. The State Bank of India IFSC code allows an individual to carry out online fund transfers. Using the SBI IFSC code, the State Bank of India bank account holders can transfer money through payments systems such as IMPS, RTGS and NEFT. SBI IFSC code for each branch bank is different for various cities and states. The first four digits of the SBI IFSC code are ‘SBIN’, the fifth digit is ‘0’ and the last six digits represent the specific branch of the bank.
For example, consider this:
IFSC Code of SBI, Dr Annie Besant Rd, Worli, Mumbai is: SBIN0000290
Here SBIN is the name of the bank
Fifth character is 0 The last six digits-000290 is the bank branch code that helps RBI identify the bank branch without any error.
Similarly, SBI IFSC code of Bhiwandi, Anjur Phata branch is SBIN0015251.
The last six digits are different from the Worli SBI IFSC code which provides the bank with a unique identity. To make fund transfers online to SBI bank account, it is mandatory for an individual to know the IFSC code of the branch bank.
One can find SBI IFSC and MICR code on the chequebook and passbook issued by the bank. The codes can also be found on the website SBI bank’s official website or online on any trusted website. On the chequebook, the SBI IFSC code is found next to the address of the bank. Whereas on the passbook, you can locate it on the front page. The SBI MICR code can be found at the bottom of the chequebook. MICR code is Magnetic Ink Character Recognition that is used to make cheque clearing process easier and transparent.
The State Bank of India is one of the largest public sector banks in the country. The bank is going through a step-by-step rationalization process and has merged with a few other banks in the year 2017. Due to the rationalization process, over 125 branches and the bank employees have also been shifted accordingly. In the period between April 2017 - September 2017, SBI has rationalized over 1000 branches and has merged with a few associate banks like State Bank of Mysore, Bhartiya Mahila Bank, State Bank of Travancore, State Bank of Patiala, State Bank of Bikaner and Jaipur due to which the IFSC code of certain bank branches have changed. To make online fund transfer an easy process, SBI has already mapped the old IFSC code with the new ones. SBI bank account holders should apply for fresh chequebooks since the old ones contain the old code and are no longer valid.
SBI offers different payment system such as NEFT, IMPS and RTGS through which fund transfers can be done to SBI bank branches as well as other branch banks.
SBI has introduced the National Electronic Fund Transfer that allows account holders to transfer money in an easy and convenient way. SBI has not set any maximum transaction limit. However, the daily transfer limit has been set to Rs.1 and up to Rs’10 lakh. To do a NEFT transaction from SBI account to any other SBI bank or any other bank, IFSC code of the transferor bank is required. The bank follows a set of scheduled timings only during which the money transfers can be done.
SBI lets you transfer money real time in a quick and easy way through the real-time gross settlement payment system. This payment system does not involve any waiting time and the funds can be transferred within geographical boundaries of India anytime, from anywhere. To transfer money via RTGS, it is important for the transferor to know the IFSC code of the beneficiary’s bank branch. This payment system is usually used to make big amounts i.e. more than Rs.2lakh
service by SBI: Introduced in the year 2010, this is a new payment service offered by SBI. This system requires an individual to know the beneficiary IFSC code and bank details to make a successful transaction. This payment service by SBI allows you to transfer and receive funds on weekdays as well as weekends. Through IMPS, funds get transferred to the beneficiary’s account in no time. However, to use this system, an individual should know about the IFSC code of the transferee bank.
Minimum and maximum transaction amount through RTGS / NEFT transactions under Retail Internet Banking?
Type | Minimum | Maximum |
---|---|---|
RTGS | Rs.2 Lakh | Rs.10 Lakh |
NEFT | No Minimum | Rs.10 Lakh |
Minimum and maximum transaction amount for RTGS / NEFT transactions under Corporate Internet Banking?
Type | Minimum | Maximum |
---|---|---|
RTGS | Rs.2 Lakh | Rs.50 lakh for Vyapaar and
Rs.500 crores for Vistaar |
NEFT | No Minimum | Rs.50 lakh for Vyapaar and
Rs.500 crores for Vistaar |
TGS/NEFT/ECS CHARGES
S.No. | Items | Transaction Slab | Charges |
---|---|---|---|
NEFT | Up to Rs.10,000- | Rs.2.50 | |
Up to Rs.1.00 lakh | Rs.5.00 | ||
Above Rs.1.00 lakh to Rs. 2.00 lakh | Rs.15.00 | ||
Above Rs.2.00 lakh | Rs.25.00 |
RTGS Customer Transactions
Time of settlement at the RBI
From to To |
Transaction Slab | Charges |
---|---|---|
09.00 Hours-12.00 Hours | Rs.2.00 lakh to Rs.5.00 lakh
Above Rs.5.00 lakh |
Rs.25
Rs.51 |
After 12.00 Hours-15.30 Hours | Rs.2.00 lakh to Rs.5.00 lakh
Above Rs.5.00 lakh |
Rs.26
Rs.52 |
After 15.30 Hours-16.30 Hours (on week days) | Rs.2.00 lakh to Rs.5.00 lakh
Above Rs.5.00 lakh |
Rs.31
Rs.56 |
RTGS Inter-Bank Transactions
Time of settlement at the RBI From to To |
Transaction Slab | Charges |
---|---|---|
09.00 Hours-12.00 Hours | Rs.2.00 lakh to Rs.5.00 lakh
Above Rs.5.00 lakh |
Rs.25
Rs.51 |
After 12.00 Hours-15.30 Hours | Rs.2.00 lakh to Rs.5.00 lakh
Above Rs.5.00 lakh |
Rs.2.00 lakh to Rs.5.00 lakh
Above Rs.5.00 lakh |
After 15.30 Hours-16.30 Hours (on week days) | Rs.2.00 lakh to Rs.5.00 lakh
Above Rs.5.00 lakh |
Rs.31
Rs.56 |
State Bank of India (SBI) is an Indian multinational, public sector banking and financial company. Since 1973, the bank is involved in non-profit activity called Community Services Banking. The bank is India’s largest bank and a fortune 500 company. The bank functions with a mission to provide simple, responsive and innovative financial solutions. The bank is a government owned corporation headquartered in Mumbai. SBI was originally established in 1808 as ‘Bank of Calcutta’.