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State Bank Of India

RBI has allotted the Indian Financial System Code in short denoted as 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: "SBIN0070708" - of State Bank of India, Mogappair, Chennai, Tamil Nadu.

  • Here, the first four alphabets, SBIN, indicate the bank name, i.e., State Bank of India.
  • The fifth digit is 0 (zero) - provided for future use.
  • The last six digits 070708 - denotes a particular branch at Mogappair, Chennai, Tamil Nadu.

This IFSC code can be used for online money transactions via NEFT, RTGS and IMPS to any State Bank of India 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 State Bank of India 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 State Bank of India. 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 into 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 code or MICR code.

State Bank Of India Branch Details

ABOUT STATE BANK OF INDIA

  • The origin of the State Bank of India started in the first decade of the nineteenth century with the first parent company which was established as the Bank of Calcutta in Calcutta on 2 June 1806. After three years, the bank received its charter and was re-designed as the Bank of Bengal on 2 January 1809. It was an unique institution and it was the first joint-stock bank of British India sponsored by the Government of Bengal. The Bank of Bengal and other banks, Bank of Bombay was established on 15 April 1840 and the Bank of Madras on 1 July 1843 are the three banks that remained as the apex of modern banking in India till their amalgamation as the Imperial Bank of India on 27 January 1921. Later, the framework of this bank brought good relations of the Indian economy to the economy of Europe and the global economy. Now, it is clearly understood that SBI Bank formerly known as Imperial Bank is considered as the most trusted bank among all other banks in India because it has been in this field for more than 200 years.

  • State Bank of India (SBI), is an Indian Multinational, Public Sector Banking and Financial services statutory body headquartered in Mumbai. It is the largest Indian Bank conquered nearly quarter market by serving more than 44 crores customers with 22,000 branches, 58,500 ATMs, 66,000 Business Correspondents) BC with focus on innovation, truly understanding the customer needs with meaningful experiences by building good relationship with them, clear transparency, following good business ethics, handling everything with politeness and aiming for long sustainability in banking sector.

  • It has successfully diversified businesses through its 11 subsidiaries i.e SBI General Insurance, SBI Life Insurance, SBI Mutual Fund, SBI Card, etc. Now, this bank is operating globally and functions through 233 offices in 32 foreign countries. It continues to redefine banking in India by offering responsible and sustainable banking solutions.

  • The First Five Year Plan launched in 1951 gave highest priority for the development of rural India. Imperial Bank of India, one among other commercial banks, played a vital role in developing the economy in general and the rural sectors along with the state owned associate banks according to the recommendation of All India Rural Credit Survey Committee. An act was passed in the Parliament in May 1955 and the State Bank of India was constituted on 1 July 1955.

  • In 1959, the State Bank of India (Subsidiary Banks) Act was passed which enabled the SBI to take over eight former State-associated banks as its subsidiaries (later named Associates). The rebirth of SBI with a new sense of social purpose aided by the 480 branch offices, sub offices and three Local Head Offices inherited from the Imperial Bank. The concept of purposeful banking service and diversified financial needs of planned economic development was the success of this bank. It was destined to act as the pacesetter and to lead the Indian banking system into the exciting field of national development.

SUBSIDIARIES / JOINT VENTURE

  • SBI Capital Markets Limited (SBICAP) is India's leading investment banker and corporate advisory services to diversified clients across three product groups - Project Advisory and Structured Finance, Equity Capital Markets and Debt Capital Markets. For further details visit: sbicaps.com

  • SBI DFHI Limited (SBI DFHI) is the largest standalone Primary Dealers (PD) with a pan India presence. It is mandated to support the book building process in primary auctions and provide depth and liquidity to secondary markets in Government securities, it also deals in money market instruments, non-G-Sec debt instruments, amongst others. Being a PD, its business activities are regulated by RBI. For further details visit: www.sbidfhi.com

  • SBI Cards and Payment Services Limited (SBICPSL) is a subsidiary of State Bank of India holding 69.51% stake. It is a non-banking financial company that offers an extensive credit card portfolio to individual cardholders and corporate clients. It has a diversified customer acquisition network that enables it to engage prospective customers across multiple channels. SBI Card is a technology driven company. For further details visit: https://www.sbicard.com/

  • SBI Life Insurance Company Limited is one of the leading listed Life Insurance Company in India established in 2001. This company offers a wide range of individual and group insurance solutions that meet various life stage needs of customers. The products include Savings Protection, Pension, Health, etc. The promoters viz. State Bank of India and BNP Paribas Cardif hold 57.6% and 5.2% of the equity share capital, respectively as on March 31, 2020. For further details visit: www.sbilife.co.in

  • SBI Funds Management Private Limited (SBIFMPL), is a joint venture between SBI and AMUNDI (France), one of the world's leading fund management companies. The Asset Management Company of SBIFMPL, is growing fast with over 31.5% against the industry average of 10.4% in 2019-20. For further details visit: www.sbimf.com

  • SBI Global Factors Limited (SBIGFL), is one of the leading providers of factoring services for domestic and international trade. It holds 86.18% share in the company. The company's services for MSME clients for freeing up resources locked in book debts. For further details visit: www.sbiglobal.in

  • SBI General Insurance Company Limited (SBIGIC) was originally a joint venture between State Bank of India (SBI) and IAG International Pty Limited, a subsidiary of Insurance Australia Group Limited. SBI General has retained AAA rating by ICRA for highest claims paying ability. It won the 'Silver Award' in the category 'Non-Life Insurance Provider of the Year 2019' at Outlook Money Awards, and won the Smart GI Compact, in the insurance segment at the 2nd Insurance Awards. For further details visit: http://www.sbigeneral.in

  • SBI-SG, a joint venture between State Bank of India and SocieteGenerale with 65% holding by SBI. The company has high quality custodial and fund administration services to complete the bouquet of premier financial services offered by the SBI Group. SBI- SG started its operations in 2010. For further details visit: www.sbisgcsl.co.in

  • SBI Pension Funds Private Limited (SBIPFPL) is appointed as the Pension Fund Manager (PFM) along with six others to manage the National Pension System (NPS). It is one of the three PFMs appointed by the Pension Fund Regulatory & Development Authority (PFRDA) for management of Pension Funds under the NPS for Central Government (except Armed Forces) and State Government employees and one of the seven PFMs appointed for management of Pension Funds under the Private Sector. For further details visit: http://www.sbipensionfunds.com

  • SBI Infra Management Solutions Private Limited (SBIIMS) is a fully owned subsidiary incorporated on 17 June 2016. The company is operating in PAN India with 17 circle offices located at all SBI LHO Centres. The company is aiming to provide specialised services on premises and estate related matters to State Bank of India and to relieve State Bank of India officials from dealing with non-core activities.

  • SBI Foundation was formed by State Bank of India in 2015 as a Section VIII company under Companies Act (2013) to perform the Corporate social responsibility (CSR) activities of SBI and its subsidiaries in a planned and focused manner. It aims to serve the society by giving back towards the socio-economic well-being of the marginalised and vulnerable communities. For further details visit: https://www.sbifoundation.in/

  • State Bank of India has formed an administrative structure to oversee the large network of branches in India and abroad. The Corporate Centre is located in Mumbai and 17 Local Head Offices and 101 Zonal Offices are located at main cities spread all over the country. Apart from the corporate centre, it has several establishments located in and outside Mumbai that are designated to cater various functions. SBI Centres like Colleges / Institutes / Training helps for learning and research and development to spread the wings of knowledge not only to its employees but also to other banks and establishments in India and abroad.

  • SBI formed, The Corporate Accounts Group a Strategic Business Unit exclusively to fulfil the required and specialised banking needs of top corporates in the country. It has 208 foreign offices/branches in 36 countries at global level as on 31 March 2019.

List of Specialised Branches

  • The list of SBI branches by product/service offered are Gold Banking and Locker. The other type of branches are Agricultural Business branches, Agricultural Development branches, Commercial Branches, Corporate Accounts Group branches, Industrial Finance branches, Main Branches, Mid Corporate Group branches, NRI Banking branches and other branches are Overseas branches, Personal Banking branches, Rehabilitation & Recovery branches, Service branches, SSI / SIB branches, Branches Conducting PPF Business, Central Processing Centre, Corporate Centre, FI-DAU, Industrial Estate, Local Head Office, Regional Office(RBO/OLRO), Regular branch, Simplified Accounting branch, Securities and Services branch, SME branch, Special branch, Special housing finance branch, Training Establishment, Treasury branch and Zonal office.

Foreign Subsidiaries/joint ventures

  • The foreign subsidiaries/joint ventures are SBI Canada Bank, State Bank of India (California) (SBICAL), Bank SBI Botswana Limited (BSBIBL), SBI (Mauritius) Limited, State Bank of India (UK) Limited, Nepal SBI Bank Limited, PT Bank SBI Indonesia, Commercial Indo Bank LLC, Bank of Bhutan Limited (BoBL),

SBI Products and services

  • State Bank of India offers various Products and Services like Payments / Transfer, Funds Transfer, Intra-Bank Transfer, RTGS/NEFT, Credit Card (VISA), IMPS Payments, NRI eZ Trade Funds Transfer, E - Deposits, E - TDR/e-STDR, E - TDR/e-STDR under Income Tax, Savings Scheme, SBI Flexi Deposit, E - Annuity Deposit Scheme, E - Recurring Deposits, Smart Cards, Gift Card, Smart Pay-out Card, State Bank eZ Pay Card, State Bank Achiever Card, State Bank Virtual Card, VISA Foreign Travel Card, MasterCard Foreign Travel Card, State Bank Collect, Bill Payments, NPS Contribution, Power Jyoti Fee Collection (PUL), Loan against Shares, Apply for SBI Credit Card,

  • State Bank of India (SBI) has its branches in almost all 38 districts of Tamil Nadu. More than 1,670 branches are rendering its service in the state. It is also expanding its bank services according to the increase in population of that particular region. Each branch located in a separate place within Tamil Nadu has an unique IFSC code and MICR code for electronic banking transactions which is allotted by Reserve Bank of India (RBI). According to RBI guidelines, the IFSC code of the SBI branch is compulsory for NEFT and RTGS fund transactions. Apart from the State Bank of India website, the customer can also search IFSC code and MICR code on the official RBI website and other private web designers. The information available in RBI website is updated by adding the bank branches as it is opened in new locations. The banker will also ensure that their new branch is added to the RBI website.

  • The branch list of State Bank of India is given in a table format. It displays the details like address and contact numbers of the bank branches. The website of State Bank of India branch locator helps to find any branch of SBI in India within a few seconds by filling four columns provided there.

  • The customers of State Bank of India can make use of more than 50,000 ATMs set-up within India for cash withdrawal. It also ensures that their customers are not far from an ATM which is user friendly and easy to follow instruction in many languages of their choice makes a smooth experience. Apart from these services, the SBI is partnered with few other card issuers, so the customers having any other debit or credit card can make use of the ATMs, but some charges applicable to them according to guidelines given by RBI.

Pensioners Helpline:- SBI's 24X7 Toll free number 1800110009 is dedicated for pensioners or Toll free number 18004253800 & 1800112211. The Toll free numbers of State Bank of India are 1800-11-2211, 1800-425-3800 for general issues.

State Bank Of India Andaman And Nicobar Island Branch IFSC Code

State Bank Of India Andhra Pradesh Branch IFSC Code

State Bank Of India Arunachal Pradesh Branch IFSC Code

State Bank Of India Assam Branch IFSC Code

State Bank Of India Bihar Branch IFSC Code

State Bank Of India Chandigarh Branch IFSC Code

State Bank Of India Chhattisgarh Branch IFSC Code

State Bank Of India Dadra And Nagar Haveli Branch IFSC Code

State Bank Of India Daman And Diu Branch IFSC Code

State Bank Of India Delhi Branch IFSC Code

State Bank Of India Goa Branch IFSC Code

State Bank Of India Gujarat Branch IFSC Code

State Bank Of India Haryana Branch IFSC Code

State Bank Of India Himachal Pradesh Branch IFSC Code

State Bank Of India Jammu And Kashmir Branch IFSC Code

State Bank Of India Jharkhand Branch IFSC Code

State Bank Of India Karnataka Branch IFSC Code

State Bank Of India Kerala Branch IFSC Code

State Bank Of India Lakshadweep Branch IFSC Code

    City Branch IFSC Code
    Lakshadweep Kavaratti SBIN0005080

State Bank Of India Madhya Pradesh Branch IFSC Code

State Bank Of India Maharashtra Branch IFSC Code

State Bank Of India Manipur Branch IFSC Code

State Bank Of India Meghalaya Branch IFSC Code

State Bank Of India Mizoram Branch IFSC Code

State Bank Of India Nagaland Branch IFSC Code

State Bank Of India Odisha Branch IFSC Code

State Bank Of India Puducherry Branch IFSC Code

State Bank Of India Punjab Branch IFSC Code

State Bank Of India Rajasthan Branch IFSC Code

State Bank Of India Sikkim Branch IFSC Code

State Bank Of India Tamil Nadu Branch IFSC Code

State Bank Of India Tripura Branch IFSC Code

State Bank Of India Uttar Pradesh Branch IFSC Code

State Bank Of India Uttarakhand Branch IFSC Code

State Bank Of India West Bengal Branch IFSC Code