The SBI IFSC code is an 11-digit alphanumeric identifier for a specific bank branch, crucial for conducting electronic transactions such as NEFT, RTGS, and IMPS. Each State Bank of India branch has a unique IFSC code. For instance, the Airport Road branch's IFSC code is SBIN0020852, and Bommasandra branch's code is SBIN0021745.

How to Search for IFSC/MICR Codes
You can search for IFSC/MICR codes by selecting your bank, state, district, and branch.

Understanding SBI IFSC Code
The 11-digit SBI IFSC Code structure: The first four letters 'SBIN' denote the bank name (State Bank of India), the fifth character '0' is reserved, and the remaining six digits represent the branch code. This code is vital for hassle-free money transfers.

Below are examples of SBI IFSC codes for Bangalore branches:

• SBIN0020852 - State Bank of India, Airport Road: Services include cash, cheque, demand draft, and net banking, operational from 10:00 am to 4:00 pm.
• SBIN0021615 - State Bank of India, Attibele: Offers similar services and hours.

Revised SBI IFSC Codes After Merger
In 2017, SBI merged with five associate banks and Bharatiya Mahila Bank, revising IFSC codes for approx. 1,300 branches, accessible by inputting bank and branch information on the official portal.

How to Find SBI IFSC and MICR Codes
These codes are available on the cheque book, official SBI website, or third-party sites like BankBazaar, providing details with branch addresses and contact information.

Methods for SBI Fund Transfers
SBI offers various options like NEFT, RTGS, and IMPS for secure fund transfers.

National Electronic Funds Transfer (NEFT): Allows convenient transfers with no upper limit for branch transactions, up to Rs. 10 lakh for online transactions, operational at set times.

Real Time Gross Settlement (RTGS): Supports real-time, immediate fund transfers with no transaction limits within branches, available internationally.

Immediate Payment Service (IMPS): Enables funds transfer 24/7, including holidays, with instant credit to the receiver's account.

Minimum and Maximum Amount for RTGS/NEFT Transactions
RTGS minimum: INR 2 lakhs; NEFT has no minimum, both having a maximum of INR 500 crores.

RTGS/NEFT/ECS Fees & Charges
Charges vary by transaction slab and time, with specific amounts for NEFT and RTGS transactions.

Information Required for Funds Transfer:

• Remittance Amount
• SBI Bank account number
• Beneficiary’s bank name
• Beneficiary’s name & account number
• Sender-receiver info
• Beneficiary's bank branch IFSC code

Types of Accounts Offered by SBI
SBI offers various accounts like NRE, Fixed Deposit, Savings, and Corporate accounts, each with specific interest rates.

About State Bank of India (SBI)
Headquartered in Mumbai, SBI is a leading multinational banking and financial services institution with assets exceeding USD 388 billion (as of December 2013), 17,000 branches in India, and 190 overseas branches.

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