Sber Bank

RBI has allotted IFSC codes to all the bank branches in India. IFSC codes are unique 11-digit codes with alphanumeric characters. These codes help the users to ensure that the transferred funds go to the right person account, without any errors.

For example, we can take the IFSC code: "SABR0000001" of the SBER Bank branch in Barakhamba Road, New Delhi.

• Here, the first four alphabets, SABR, indicate the bank name, i.e., SBER Bank.
• The fifth digit is 0 (zero) - provided for future use.
• The last six digits 000001 - denotes a particular branch of Barakhamba Road, New Delhi.

This IFSC code can be used for online money transactions via NEFT, RTGS and IMPS to any SBER Bank account or to other bank accounts. According to RBI guidelines, the IFSC code is mandatory for interbank transfers via NEFT and RTGS to any bank in India. This code helps to avoid the risk factor while sending and receiving funds through banks in our country.

Easy way to find SBER Bank IFSC Code and MICR Code?

The customer can find MICR codes and IFSC codes which are printed on passbook and cheque books/ leaves issued by SBERBank. The website of Reserve Bank of India also offers the entire list of IFSC codes required for the account holder. The customers can also enter on the bank's official website. Customers by clicking the link will lead to another page where four columns are displayed. Customers must feed some bank details like the state in which it is located, the district in which it is located and branch name to get IFSC codes or MICR codes.

Sber Bank Branch Details

• Delhi

ABOUT SBER BANK

• SBER Bank was established in 1841. It is the largest bank in Russia, Central and Eastern Europe and one of the leading financial institutions worldwide. The market share in Russia is approximately 30%. 50% + 1 voting share is owned by the Central Bank of Russia.


• In 2010, PAO Sberbank was granted a license for banking operations in New Delhi, India. The main objective of the Sberbank branch in India is to provide ease of doing business for Indo-Russian bilateral trade and to maintain a strategic presence of the Sberbank Group in the region. The main focus areas of the branch are remittances, Trade Finance and Corporate Business. India Ratings & Research assigns the initial rating to Sberbank branch in India INR 1.0bn Certificates of Deposit Programme: "IND A1+ Convenient and simple schemes for supporting contracts with Indian counterparties.


• The bank is the largest operational Russian bank in India having tie-ups with banks in Bangladesh, Sri Lanka, Vietnam, Thailand, UAE etc. It holds assets of approximately. ~ $105 mln. and Capital of approx. ~ $60 mln. It provides high quality of service with an individual approach.


• The bank key USP is that it knows it's customersin Russia and can ease businesses by providing direct bank guarantees to Indian customers and providing financing (secured by EXIAR). It also provides direct settlements in national currencies and facilitates your negotiations and structuring the transaction.

SBER Bank support Russian initiatives such as:

As a Bank Guarantee, the bank bid bonds, Performance Bank Guarantees, Advance Payments Bank Guarantees, Structuring. As a Financing, the bank provides finance to the Indian Buyers (secured by EXIAR credit insurance), Corporate financing of Indo-Russian Joint-Ventures and Russian subsidiaries. For settlements, the bank helps in fast and smooth settlements in national currencies. As an advisory, the bank introduced customers to Russian and Indian markets, consulting on doing business.

ADDRESS:
UGF, Gopal Das Bhawan,
28 Barakhamba Road,
New Delhi- 110001, India.,
contact:011 4004 8888.
Email:customersupport-ind@sberbank.ru