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ALIBAG    1 Branches
AMBET    1 Branches
BORLI PANCHATAN    1 Branches
CHAUL    1 Branches
DOLVI    1 Branches
GOREGAON    1 Branches
GORTHAN BUDRUK    1 Branches
HANAMKONDA WARANGAL    1 Branches
INDAPUR    1 Branches
INDAPUR RAIGAD    1 Branches
KALAMBOLI    1 Branches
KAMOTHE    1 Branches
KARJAT    1 Branches
KARJAT RAIGAD    1 Branches
KHAMGAON    1 Branches
KHANDESWAR    1 Branches
KHARGHAR    1 Branches
KHARGHAR SEC-8    1 Branches
KHOPOLI    1 Branches
KOLAD    1 Branches
KURDUS    1 Branches
MAHAD    1 Branches
MANGAON    1 Branches
MHASALA    1 Branches
MIDC IND.AREA, MAHAD    1 Branches
MUMBAI, NEW PANVEL    1 Branches
MURUD-JANJIRA    1 Branches
NAGIREDDYPET    1 Branches
NAGOTHANE    2 Branches
NANDGAON    1 Branches
NERAL    1 Branches
NEW PANVEL EAST BR.    1 Branches
NIZAMPUR    1 Branches
ONGC, PANVEL    1 Branches
PALASPE    1 Branches
PANVEL    4 Branches
PEDALI    1 Branches
PEN    2 Branches
POYNAD    1 Branches
RASAYANI    1 Branches
RBO 3 PEN    1 Branches
RBO 3 RATNAGIRI    1 Branches
ROHA    1 Branches
RTC DEPT, BELAPUR    1 Branches
SAI FTWZ    1 Branches
SALAV    1 Branches
SANPADA    1 Branches
SAWAD    1 Branches
SBICREDITCARD-NEFT    1 Branches
SBIINTOUCH PANVEL    1 Branches
SECTOR 12 KHARGHAR    1 Branches
SECTOR 35, KHARGHAR    1 Branches
SHRIBAG    1 Branches
SHRIWANDHAN    1 Branches
STATION ROAD, PEN    1 Branches
SUDHAGAD PALI    1 Branches
TALA    1 Branches
TALOJA    1 Branches
THAL BAISHET    1 Branches
THAL BAZAR    1 Branches
ULWE JASAI    1 Branches
UPPAR TUDIL    1 Branches
URAN    1 Branches
VAIJALI    1 Branches
VICHUMBE    1 Branches
WADKHAL    1 Branches
WAKAN    1 Branches
ZIRAD SAB    1 Branches

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Rate Date : 26/12/24

We found 84 Branches available for STATE BANK OF INDIA, MAHARASHTRA, RAIGAD

General Information About Bank IFSC & MICR Code


What is an IFSC Code?

IFSC stands for Indian Financial System Code. It's an eleven digits & characters combination unique identifying number. This unique code helps to identify the perticular individual bank branches for smooth online transation such as NEFT, RTGS & IMPS transations. This code is developed by RBI (Reserve Bank of India).


Structure of the IFSC Code

The first four letters of the IFSC Code is bank code, Next one digits is genarally (0) zero & it's reserved for future use & last six digits is an unique identifier no for the particular Financial institution or bank branch.


Example : Breakdown of IFSC Code

A

B

C

D

0

1

2

3

4

5

6

Bank Code

Future Use

Branch Code


What is IFSC code used for?

IFSC Code used for various electronic or online fund transfer such as NEFT, RTGS, IMPS & other online fund transferring etc.


What is MICR Code?

MICR stands for Magnetic Ink Character Recognition technology & this code is developed by RBI (Reserve Bank of India). It's also a nine digits unique identifying number. This unique nine digits MICR code helps to identify the perticular individual bank branches and branch participating in an Electronic Clearing System (ECS).

The MICR code is located on the bottom of a each cheque leaf, next to the cheque number. You can also find it printed on the first page of a bank passbook.


Structure of the MICR Code


Example : Breakdown of MICR Code

1

2

3

4

5

6

7

8

9

City Code

Bank Code

Branch Code


What is MICR code used for?

MICR Code used for various financial transations such as SIP form or for transferring funds.


The given information is as per the guidelines of RBI (Reserve Bank of India)

Payment ServiceNEFTRTGSIMPS
ProcessProcess is based on Deferred Net Settlement (DNS) and the transfer of funds will be carried out in  half-hourly batches starting from 12:30 am to 12:00 amPayment process in which the money is credited in the beneficiary’s bank branch in real-time and on gross basisReal-time and instant interbank fund transfer process, IMPS is considered a secure & faster mode of fund transfer
Minimum Transfer LimitRe.1Rs.2 lakhRe.1
Maximum Transfer LimitNo limitNo limitRs.2 lakh
Operational TimingsAvailable 24x7, 365 days (including bank holidays)7 am to 6 pm on all working daysAvailable 24x7, 365 days (including bank holidays)
Inward Transaction ChargesNo chargesNo chargesDecided by individual member banks and PPIs


FAQ on IFSC & MICR code

Q. Do IFSC codes get changed?
A. Generally no but if the particular bank undergoes any merger or something then only the new IFSC code will be issued by RBI (Reserve Bank of India) & the old one will be deactivated.

Q. How to transfer money using the IFSC code?
A. Using IFSC code transferring funds from one bank to another bank or the same bank different accounts is really a hassle free solution. When you try to transfer funds using online banking such as NEFT, RTGS, IMPS & others method then you need the customer name, bank account no. & the IFSC code.

Q. Is sharing IFSC & MICR code safe?
A. Each Indivitual bank branch's IFSC code & MICR code is matchless and it's essential in India for transferring funds through the online banking. Every bank guarantees the security of the fund transfer & no one may misuse the IFSC code & MICR code for fraud, theft & spaming.

Q. Is IFSC code and branch code is same?
A. No. An IFSC code is an eleven digit alphanumeric unique code issued by RBI(Reserve Bank of India) to identify the each indivitual bank branch. Branch code is a part of of the IFSC code because it's identify a particual bank branch. The last 6 digit of the IFSC code is the branch code & this code is also printed on your first page of your bank passbook.