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*The IFSC/PIN Code information presented above is for reference only. Please verify Code details before initiating any transaction!

State Bank of India

The State bank of India is the largest Indian multinational, public sector and finance service company. It was first founded in 1806 in Calcutta, named as Bank of Calcutta. It officially came to the surface on 1st July 1955, State Bank of India. The Official Logo of SBI consists of a symbol of a blue Keyhole. It is a Government owned corporation having his headquarters in Mumbai, Maharashtra. The Chairman of the State Bank of India is Arundhati Bhattacharya. The State Bank of India has also launched 5 associate banks which are located at remote and obscure areas which are State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore.

Recently, the bank has merged its five of its associate banks with itself from April 2017. This unification took place under the order issued by Indian Government on February 22 under sub – section (2) of section 35 of the State Bank of India Act.

The government order which reads “the entire undertaking of SBBJ, SBM, SBT, SBP and SBH shall stand transferred to and vested in the State Bank of India from April 01, 2017”.

And as the merger is done, SBI is now expected to be among the top 50 large banks of the world.
“The consolidated balance sheet of the merged entity would be Rs32 trillion. The merged entity would have deposits worth Rs26 trillion and nearly Rs18.76 trillion worth advances on its books” said SBI chairman Arundhati Bhattacharya.

Hence, the entire customer from newly merged banks was requested to apply for a new SBI cheque book as the IFSC of the associate banks were merged after 30th September. And the cheque books were available at the SBI bank branch and also one could apply through mobile banking, internet banking or ATM.

Also, along with Bhartiya Mahila Bank, all the five associates’ banks were provided with new cheque books and passbooks.

Check SBI IFSC and MICR Codes Here

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The State Bank of India has received numerous awards for the last 4 years. Some of its achievements are

2016- SBI was ranked 232nd in the Fortune Global 500 Rankings of the World's Biggest Corporations.
2014- SBI was ranked as the top Banks in India by the Banker Magazine.
2013- Was tagged as the 50th most trusted Brand in India as per the Brand Trust Report.
2009- was ranked as the 29th most reputed company in the world according to the "Forbes 2009" ranking.

IFSC and MICR Codes

The MICR codes are otherwise called as Magnetic Ink Character Recognition. This is a technology which is used to verify the originality and authenticity of the paper documents. This technology is specially meant for verifying the cheques. It uses a special type of ink which is sensitive to the Magnetic fields, which is used to print certain characters on the original documents. This is mainly used by the Banks. The Banks use it to write down the cheque number, account number etc.

Below is the example of State Bank of India Delhi College of Engineering IFSC and MICR code:

Bank	STATE BANK OF INDIA
State	DELHI
District	DELHI
Branch	Delhi College of Engineering
City	DELHI
IFSC	SBIN0010446
MICR	110002438
Branch Code	010446- (Last 6 Characters of the IFSC code)
Address	Bawana Road, Delhi 110042
Phone Number	-

NEFT and RTGS charges

NEFT- The full form of NEFT is National Electronic Funds Transfer. This is a Nation Wide Payment System which performs one to one funds transfer. The users can electronically transfer funds to the other accounts. It is otherwise called as the Inter-Bank Transfer. NEFT operates in the hourly batches. The NEFT System of the State Bank of India has 12 settlements in a day from 8 am to 7 pm on weekdays. The NEFT and RTGS charges are different for different SBI banking services like
For NEFT
- For Transactions under Retail Internet Banking- The Maximum amount for NEFT transaction is Rs 10 Lakhs and it has no minimum amount.
- For Transactions under Corporate Banking- The Maximum amount for NEFT is Rs 50 lakhs for Vyapaar and Rs 500 crores for Vistaar, and there is no minimum transaction limit.

Vyapaar

This is a multi-user transactional product which is meant for the small and medium enterprises and organizations.

Vistaar

This is a complete internet banking package. This facility is meant for large sector companies and organizations, Government Organizations and institutions. This provides an access to the multiple users to access across a multiple number of branches.

RTGS- The full form of RTGS is Real Time Gross Settlement. It is almost similar to that of the NEFT transfer, but this has an advanced feature that it can also transfer funds in real time, easy and instant. The working hours of the RTGS schedules from Monday to Saturday from 9 am to 4 pm while Sundays are off.
For RTGS
- For Transactions under Retail Internet Marketing- The Maximum transaction limit is Rs 10 Lakhs and the minimum is Rs 2 Lakhs.
- For Transactions under Corporate Internet Marketing- The Maximum transaction limit is 50 Lakhs for Vyapar and Rs 500 crores for Vistaar and the minimum transaction limit is Rs 2 Lakhs.

ATM & Card Statistics For May 2017

ATM's Full form - Automated Teller Machine. This is a type of machine which dispenses out cash and performs different banking services when an account holder inserts the Debit Card. There are two types of ATM

On- site ATM- These are the ATM which are located along with the Bank.
Off- site ATM- These are the ATM which are located individually. These ATM are installed so that people can withdraw and perform and perform the services where there are no banks located.

POS Full form - Point of Sale. It is a place where the sales are made. This sort of transactions is mainly done in a mall, market or a counter. According to the Survey Program conducted by the RBI, the current statistics of SBI ATMs and POS in May 2017 are The number of ON-Site ATMs present is 29150 and number of OFF-Site ATMs are 29917. The number of Offline and Online POS present is 594037. The Credit card transactions done through ATM is estimated is 4807860 million and transactions through POS is 98169 million. The transactions that are done through Debit Cards using ATMs 320809290 million and POS is 79695542 million. From the last few decades, SBI is increasing its family in a rapid and drastic way by introducing different types of services and facilities from low-income family to high-income family. According to the recent statistics of the RBI the SBI has improved and advanced a lot. In Future years we are definitely looking forward to more development in their services.

SBI IFSC Code Delhi

SBI IFSC Code Mumbai

SBI IFSC Code Bihar

SBI IFSC Code UP

IFSC Code, Branch Code, Bank Branch, Address, MICR details
STATE BANK OF INDIA

View All STATE BANK OF INDIA Branches by States

IFSC Code, Branch Code, Bank Branch, Address, MICR details STATE BANK OF INDIA

View All STATE BANK OF INDIA Branches by States

IFSC Code, Branch Code, Bank Branch, Address, MICR details
STATE BANK OF INDIA