What is the IFSC Code of SBI?
SBI IFSC Code is a unique 11 characters alpha-numeric code specially designed to make online fund transfers. This code is distinctively assigned to all SBI branches by the Reserve Bank of India (RBI) as it helps to carry out all the fund transfers via NEFT, RTGS and IMPS. The bank’s IFSC code can be found on the cheque book provided by the bank and on the front page of the account holder's passbook.
Benefits of SBI IFSC Code
Bank IFSC code of SBI comes with the following benefits:
- Reduces errors in the process of transferring funds
- State Bank of India IFSC code helps to identify any bank branch in India
- Assists in making electronic fund transfer via NEFT, RTGS, and IMPS
How to read the IFSC Code of SBI Bank?
In SBI IFSC code, the first 4 characters ‘SBIN’ denote bank code. The 5th character is ‘0’ which is constant amongst all the IFSC codes. The last 6 digits of SBI IFSC code is the bank branch code.
Bank Code | Zero | Branch Code | ||||||||
S | B | I | N | 0 | 0 | 0 | 4 | 3 | 8 | 4 |
In the above example, ‘SBIN’ is the Bank Code, the 5th character is ‘0’ and the last 6 characters (004384) represents the branch code of Sector 10 Dwarka (Delhi) of SBI.
Examples of SBI IFSC Codes
The IFSC code of every SBI bank branch is unique and no two bank branches can have the same IFSC Code. For a better understanding of SBI IFSC code format & structure, let’s check few examples of the same:
SBI Branch | Bank Code | Zero | Branch Code |
SBI IFSC Code of Bihar (Andar branch) | SBIN | 0 | 012561 |
SBI IFSC Code of Delhi (Janakpuri branch) | SBIN | 0 | 070837 |
SBI IFSC Code of UP (Agra branch) | SBIN | 0 | 020827 |
How to do SBI IFSC Code Search of any SBI branch?
One can opt for the below mentioned ways to look for State bank of India IFSC code and MICR code:
IFSC Search Tool by Paisabazaar
Users can find IFSC code for SBI using Paisabazaar’s IFSC code locator tool. Any user can visit Paisabazaar.com and follow the steps mentioned below to check SBI IFSC code:
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- Visit the IFSC Code Locator.
- Enter SBI in the bank name dropdown.
- Enter the name of the state and the city.
- Select the required bank branch of SBI.
- State Bank of India IFSC code will be displayed.
Alternatively, users can also visit the RBI’s official website to find the IFSC code of SBI.
Where to find SBI IFSC Code on a cheque?
Account holders can check the IFSC code of SBI on their bank cheque book. The image below will help understand better:

- IFSC code is mentioned at the top of the cheque
- Cheque number and MICR code is present at the bottom of the cheque
Alternatively, account holders can check SBI IFSC code using their bank passbook as well. The first page of SBI passbook contains account holder’s details and account related information as well.

What is SBI MICR Code?
A MICR code is a unique 9-digit code, which enables faster processing of cheques. Account holders can check SBI MICR Code at the bottom of their cheque (as shown in the image above).
Difference between IFSC Code and MICR Code of SBI?
IFSC Code | MICR Code |
IFSC Code is used to facilitate the transfer of money through the electronic fund transfer systems like NEFT, RTGS & IMPS | This code is initiated to make cheque process easy and simple |
It contains 11 characters | It contains 9 digits |
IFSC code is Alphanumeric | MICR code contains digits only |
First 4 characters indicate bank code, 5th character is ‘0’, and last 6 characters/digits denote branch code | First 3 digits denote city code, next 3 digits helps to identify the bank code and last 3 digits denote branch code |
SBI IFSC Codes after the Merger of SBI Associate Banks
In 2017, SBI merged with its 5 associate banks and changed the IFSC codes of nearly 1300 branches. The five associate banks that merged with SBI are as under:
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- State Bank of Bikaner and Jaipur
- State Bank of Patiala
- State Bank of Travancore
- State Bank of Hyderabad
- State Bank of Mysore
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Hence, new IFSC Codes were generated for all the branches of these associate banks. For example:
Associate Banks | Old IFSC code | New IFSC Code |
State Bank of Mysore | SBMY0040001 (Mumbai Main Branch - Nariman Point) | SBIN0040001 |
State Bank of Bikaner and Jaipur | SBBJ0010001 (Guwahati Branch) | SBIN0031001 |
State Bank of Hyderabad | SBHY0020001 (Nariman Point Br) | SBIN0020001 |
State Bank of Travancore | SBTR0000001 (Mumbai Main Branch) | SBIN0070001 |
State Bank of Patiala | STBP0000001 (Ghaziabad) | SBIN0050001 |
How to use the SBI IFSC Code for transferring money online?
With the advancement in digitization, everything now has become dependent on the online world. Hence, account holders can make fund transfer online easily using SBI IFSC Code. The three widely used fund transfer modes are NEFT, RTGS and IMPS.
SBI NEFT (National Electronic Fund Transfer)
NEFT is based on Deferred Net Settlement (DNS) and facilitates the transfer of funds from any bank branch to any other bank branch. Fund transfers through the NEFT system do not occur on real-time basis but the fund transfer settles in half-hourly batches.
Features of SBI NEFT |
The minimum transfer amount in NEFT is Re. 1 |
There is no maximum transfer limit |
NEFT is available 24/7, 365 days but the transactions are processed in batches |
No charges are levied on NEFT transactions |
SBI RTGS (Real Time Gross Settlement)
RTGS is an online fund transfer mode that is meant for high-value funds transactions and the transfer for the same is done on a real-time basis. On a real time basis, the transactions are processed continuously on a transaction-by-transaction basis throughout the RTGS business hours.
Features of SBI RTGS |
The minimum transfer amount in RTGS Rs. 2 lakh |
There is no maximum transfer limit |
RTGS is available from 7:00 am to 6:00 pm on all working days, except Sunday and bank holidays |
No charges are levied on RTGS transactions |
SBI IMPS (Immediate Payment Services)
IMPS is an instant fund service and works all throughout the day. It can be used 24X7 to transfer funds to any other bank account. There are no holiday restrictions on IMPS inward and outward transactions.
Features of SBI IMPS |
The minimum transfer amount in IMPS is Re. 1 |
The minimum transfer amount in IMPS Rs. 2 lakh |
IMPS is available 24/7, 365 days and the fund transfer occurs instantly |
No charges are levied on IMPS transactions |
Why do we need SBI IFSC Code?
SBI IFSC code helps systems route payments to the right branches during NEFT and RTGS transactions. Once the payer provides all the required details then only the fund can be transferred to the account of the payee with the help of the IFSC Code of SBI in an error-free manner.
About State Bank of India
State Bank of India (SBI) is the largest public sector bank in India. It was the first bank established in India as Bank of Calcutta in 1806. Headquartered in Mumbai, the bank has over 24,000 branches, 59,000+ ATMs and 195 foreign offices across 36 countries. SBI offers various types of banking services across the country.
FAQs on State Bank of India IFSC Code
Q. How do you find the IFSC code of SBI account number in India?
A. Account holders can’t do SBI IFSC code search by account number as of now. Account holders can check their IFSC code of SBI bank branch by logging to the SBI netbanking portal or SBI mobile banking app.
Q. Are the IFSC codes supposed to change after SBI Associate Banks merge with SBI?
A. Yes, the IFSC Code of SBI Associate Banks changed after the merger with SBI.
Q. I have given a correct account number but a wrong IFSC code. Though both the account number and IFSC code belong to SBI. Will that be an issue?
A. Nowadays, IFSC Code is not required while making fund transfers within the same bank. So, if the account holder is making a fund transfer from his/her SBI account to another SBI account, he/she will only be required to enter beneficiary's name, account number and amount.
Q. Is the IFSC code of SBBJ valid now after merging in SBI?
A. No, the IFSC code of SBBJ is not valid now after merging with SBI. New IFSC codes are generated for all the SBBJ branches. For example - The new IFSC Code of SBBJ Guwahati Branch is SBIN0031001.
Q. What is the new IFSC code of SBH after merger with SBI?
A. The IFSC code of SBH is an 11-character code with the initial 4 alphabetic characters demonstrating the bank name, and the last 6 characters indicating the branch location.
The 5th character is “0” which is constant amongst all the IFSC codes. The new IFSC code of SBH starts with SBIN followed by a zero and the last 6 characters representing the branch.
Bank Code | Zero | Branch Code of Nariman Point BR | ||||||||
S | B | I | N | 0 | 0 | 2 | 0 | 0 | 0 | 1 |
Q. Can an SBI account possess two IFSC code?
A. The IFSC code of every SBI account is unique and one account can never have two IFSC Codes.
Q. Transferred an amount from PNB to an SBI account. The IFSC code is wrong, but the account number is right. What should I do now?
A. Money will be debited from the remitter’s account but it will not be credited into beneficiary's account due to wrong IFSC Code. SBI can also do an internal settlement as well if the incorrect IFSC code was also of an SBI bank branch. After this, SBI will credit the money into beneficiary's account based on account number.
To know more one get in touch with SBI customer care.
Q. After the merger of SBM and SBI, can old IFSC codes be used for transactions, or will new ones be required?
A. Only the new SBI IFSC codes generated after the merger are valid for fund transfer.
Q. What happens if I transferred money to an SBI account, but the IFSC code is of another SBI branch?
A. Under such case there can be two scenarios:
- If the remitter’s account is non SBI then the money will be debited from the remitter’s account but it will not get credited into beneficiary's account due to wrong IFSC Code. SBI can also do internal settlement and credit the money into beneficiary's account on the basis of account number.
- For transferring money from one SBI account to another there is no need for the IFSC Code. If the account holder is making a fund transfer from his/her SBI account to another SBI account, he/she will only be required to enter beneficiary's name, account number and amount.
Q. I transferred money through NEFT from PNB to my SBI account but I entered my old IFSC code which is changed due to branch merger. Will it be credited?
A. Old IFSC code (SBI Associate Banks) will not be validated & will display it as incorrect IFSC code and you will not be able to make this payment.
Q. Which IFSC Code of SBI should you use?
A. In order to transfer money to beneficiary’s account, IFSC code of the beneficiary’s SBI account should be used.
Q. Where to use SBI IFSC Code?
A. IFSC Code is used to transfer funds through online money transfer systems like NEFT, RTGS & IMPS.