IFSC Code and MICR Code

IFSC code, MICR code and addresses of all branches in India (State wise)

State Bank Of India is available in 36 states, Here you can find IFSC Code, MICR Code, Address, and contact number of All State Bank Of India branches in India.

What do you know about SBI IFSC code?

IFSC stands for Indian Financial System Code and SBI IFSC code is a distinctive 11 character alpha-numeric code granted to it after it facilitated online banking. If you wish to make fund transfer through electronic means, you have to use this SBI IFSC code for services like National Electronic Fund Transfer (NEFT), Immediate Payment Service (IMPS) and Real Time Gross Settlement (RTGS). SBI IFSC Code is unique and it helps in data reconciliation and validation. SBI IFSC code helps increase the accuracy of electronic transactions and avoid inaccurate dealings. SBI is now digitally-enabled and online money transfers facilitated through IFSC code help them in re-establishing cordial relations. SBI IFSC code is displayed like SBIN 0000810 and it is made up of three parts. First four alphabetic characters make out the bank i.e. SBI, the fifth character is usually 0 and it is maintained as a buffer for future development. Final six characters symbolize the branch address and they come in both numeric and alpha-numeric forms.

Know about SBI bank

State bank of India was started earlier in the first decade of 19th century and it was named as Bank of Calcutta as first on June 2 1806 and changed to Bank of Bengal on January 2 1809. At that time, it was the very first joint-stock bank of British India sponsored by the Bengal government. Three banks Bank of Bombay, Bank of Madras and Bank of Bengal remained at the top of contemporary banking in India until their combination as the Imperial Bank of India and it was happened 27th January 1921. These three banks came into existence because of the compulsions of imperial finance and through the sensed needs of local European commerce.
In fact, they were not imposed from third party in a random way to renovate the economic condition of India. Their advancement was shaped by ideas plucked from comparable developments in England and Europe. It was influenced by alterations found in the structure of both local trading environment and those in the associations of the Indian economy to the European financial system and the global economic structure. SBI has now become more customer-friendly and new innovative plans are enforced every day by looking at the customers’ interest and they are replacing old policies with fresher one. The key factors they kept behind the set up of new plans are user-friendliness and flexibility.

Easy ways to find out SBI IFSC code and MICR code

SBI IFSC codes are allotted to particular bank branches and are not individual accounts. If you know that you have an SBI account and its branch, then you can easily find its IFSC code. Finding out the SBI IFSC Code is extremely easy and it is discussed below:

• Add SBIN as the first four characters.
• Add up your 5 digit branch code at the end. If it comes with lesser digits, then add zeroes in the front to make it five digits.
• After that, fill up the remaining space with zeroes to make it as 11 digit code.
• Take for instance, if your branch code is 75, firstly write SBIN and then 75. Next, write SBIN…00075. Once it is done add 0s to make it as a whole 11 digit code like SBIN0000075. And it is the final 11 digit IFSC code.

Besides these, there are quite a few ways to find SBI IFSC code and are listed below:

• Try to get a cheque of your SBI account where you can find the IFSC code.
• If you have internet banking options in your SBI account, you can easily find the IFSC code by signing into your account.
• You can find the IFSC code in your SBI pass book too. The code is printed on the very first page of your pass book.
• Last but not least, Google is your best friend that will help you find anything. Simply search in Google by entering your branch name. Not only will you get IFSC code alone, but also all the details about your SBI branch.

Benefits of SBI IFSC code

Saves you more time

When compared to the conventional banking methods, online transactions using IFSC code will save you more time and money. You don’t have to wait in a long queue, complete the formalities and do transactions; you can just make your transaction happen within fraction of seconds at the comfort of your home/office by simply entering your branch IFSC code.

Faster transactions

SBI online banking using IFSC code allows faster transactions and it is reflected in both the senders’ and beneficiary's accounts' without delay as IFSC code details are established already. In addition, you don’t have to spend extra pennies to make such a faster transaction and you will have to pay only the service charges.

Safe and sound

In order to make online transactions, users have to put forward important details like IFSC code of the beneficiary which will be verified by the SBI team subsequently. You can make IFSC-enabled transactions only after the verification and this makes it safe and sound.


Online banking using IFSC code eliminates the human interface and makes the transaction transparent. As you are doing transactions online, both the sender and receiver will be getting mail/SMS and the probability of any sort of scam will be lessened to a greater extent.

Environmental-friendly transactions

Paperless banking is the striking benefit of using IFSC code since you can relish in paperless fund transfer. With the help of IFSC Codes, business transactions are now made in a simpler and faster way.

SBI IFSC – Important for your fund transfer

If you wish to transfer funds using SBI online facilities, you can go for three options namely:

• National electronic fund transfer (NEFT)
• real time gross settlement (RTGS)
• immediate payment system (IMPS)

In order to make online transactions, you need to provide SBI IFSC code of the beneficiary account. IFSC code helps the NCC (National Clearing Cell) of the RBI (Reserve Bank of India) in making out the specific branch of SBI and in accomplishing error-less transactions.


MICR code uses a technology where information is printed on the instrument with a special kind of ink made of a magnetic material. The printed information is read by the machine once the instrument is inserted in the machine. SBI has a unique MICR code and it helps Reserve Bank of India to clearing cheques and speeding up the same. MICR code system is highly advantageous since it lessens the odds of errors, makes cheque clearance easy and transfers funds swiftly.

Revised SBI codes after rationalization

State bank of India has recently revised the IFSC codes of nearly 1300 branches after a merger with its associate banks and has changed the names and IFSC codes throughout the country. In order to make this rationalization process a smoother one for customers, all the old SBI IFSC codes will be mapped to new ones without deviation. All the older ones need to be replaced and customers should apply for new cheque books too because the old ones will no longer be valid.

SBI IFSC code – Makes your transactions smoother

If you wish to transfer money to other account online, you have to add the recipient’s account as beneficiary and the specific bank’s branch IFSC code. There are three ways to make payment and are discussed here:

NEFT payment

This kind of transfer system is applicable with India and not allowed for foreign money transfers or exchanges. You need to pay minimal transfer charges to transfer amount using NEFT. There is no limit for amount to be transferred and the transfer time will be within 2 hours and are settled in batches. At present, NEFT payment operates in hourly batches from morning 9 to evening 7 on week days and it is applicable to working Saturdays too.

RTGS payment

RTGS is the fastest mode of payment transfers and the payment can reach instantly. The transactions made here are operated in real time basis and one-on-one settlement type of transfers. These are not bunched with other transactions. You can transfer a minimum of 2 lakhs and a maximum of 10 lakhs. In order to make payments using RTGS, you need details like name of the account holder, account number and IFSC code. You can transfer money from one account to another safely using RTGS. You can make payments through internet banking or SBI mobile banking.

IMPS Payment

With this payment option, you can transfer funds immediately to anyone for a commercial or personal purpose. Using this method, you can transfer up to 2 lakhs at anytime and the money will be credited to the beneficiary’s account in no time. It simply needs the IFSC Code along with the account details of the beneficiary. In order to receive funds via IMPS, you have to register your mobile number and acquire a 7 digit MMID. To receive payment, you need to share your mobile number and MMID with the remitter. This service is available around-the-clock and operates even during weekends and holidays.

Check Other Banks IFSC Code