हिंदी में पढ़े
State Bank of India, the largest lender in India, provides savings accounts and current accounts to its customers apart from personal loans, home loans, business loans and other financial products. Every accountholder gets a specific SBI account number which is unique and is used for performing most of the financial and non-financial transactions. Let us know more about the State Bank of India account number issued to account holders, how is the account number assigned and other details.
Check Free Credit Report with Complete Analysis of Credit Score Check Now
Core Banking SBI Account Number
With the digital transformation and core banking system, SBI has made it all easy for its large base of customers to transact easily. With the introduction of the core banking system (anytime anywhere banking) way back in 2004, State Bank of India has moved from its conventional account number to a longer 11-digit SBI account number. For some of the transactions, it may run up to 17 digits (with 6 zeros prefixed to your account number). Longer numbers are issued in favour of centralized banking solutions.
There is no standard account number structure followed across the industry. State Bank of India’s account number starts with the following series – 1, 2, 3, 5, 6, 56, 66, 53, 63, 57 or 67.
Earlier, State Bank of Saurashtra customers accounts number starts with 56 or 66. 53 or 63 are the series for State Bank of Indore. 5 or 6 series is used for State Bank of Hyderabad. 57 or 67 are the series used for State Bank of Travancore. However, all these subsidiary units are now the State Bank of India.
Post the mega-merger, State Bank of India has efficiently retained the old account numbers which were issued by all the associate banks merged with it. Here are the ways/sources to know your 11-digit SBI account number:
- Bank passbook
- Cheque book
- Internet banking
- Bank Statement
- State Bank mobile app
- Customer care
- Bank branch
Be it a cheque clearing or electronic mode, IFSC code and MICR code are the two main important requirements to receive money in your account by providing your SBI account number.
Check Free Credit Report with monthly updates. Check Now
IFSC code for State Bank Accounts
IFSC (Indian Financial System Code) is an 11-digit alpha-numeric code. It’s a mandatory code for any electronic payment transactions as it’s designed to identify the bank and branch uniquely. The first four alphabetical digits represent the bank, 5th digit is zero and the last 6 numerical digits represent the branch in specific. For example, if the IFSC code is SBIN0013283 then it belongs to SBI, Gandhinagar, Bangalore branch. SBIN is the bank code, 013283 is the branch code of Gandhinagar, Bangalore branch.
With the merger of associate banks with the State Bank of India, there were many changes made on a large scale post-integration of data. There were many branches of merged subsidiary banks that have got a new IFSC code. For example, State Bank of Hyderabad, IFB Bangalore branch having IFSC code SBHY0000743 is now changed to SBIN0020743.
MICR Code for State Bank Accounts
MICR (Magnetic Ink Character Recognition) code is a 9-digit numerical code printed on the bottom of your bank cheque leaf. Basically, it’s used for effective and safe payments across the industry. Every bank branch is allotted a unique MICR code so that it becomes easy to identify and speed up the payment process. The first 3 digits of the MICR code represent the city, the next 3 digits represent the bank and the last 3 digits represent the particular branch where the account is held.
For example, MICR code of SBI bank M G Road branch Bangalore is 560002033
- 560 – City code for Bangalore
- 002 – Bank code for State Bank of India
- 033 – Branch code for M G Road Bangalore branch of SBI
Post the merger of its associate banks with SBI, MICR codes for those merged bank branches have changed. MICR code can be taken from your cheque leaf. For example, old MICR code of State Bank of Mysore, Andheri East, Mumbai branch was 400006009 which is now changed to 400002472.
As we are moving towards a digital era, most of the banking transactions are carried via digital mode. Account number, IFSC code and MICR code are the crucial information needed for any successful electronic transactions. Even after the mega-merger, the organisation has not made any change in the SBI account number and the net banking login of all the customer base. With the range of digital offerings and futuristic banking products, State Bank of India is riding the digital wave and embracing the digital business model.