How does State Bank of India use IFSCs?
Through the RBI (Reserve Bank of India), State Bank of India assigns a unique IFSC code to each of its branches. This makes each branch easy to identify, especially when processing online transfers on the NEFT, IMPS and RTGS networks.
If you’re sending money to an account with State Bank of India from abroad, or sending money domestically within India, you’ll need to use an IFSC code to make sure your money gets to the right place. And if you’re sending money to India from abroad with Wise, all you’ll need is an IFSC and an account number.
State Bank of India
IFSCs for the most popular SBI branches
Search for your district, state or State Bank of India branch name to find the right IFSC to use.
We maintain and update this list regularly, but you should always check that you have the right IFSC with your bank or recipient. Using the wrong IFSC might result in your payment being cancelled, or being sent to the wrong destination.
Mumbai, Payment Systems Group, State Bank Gitc, Cbd Belapur, Navi Mumbai
Chhoti Baradari, Patiala, Punjab147 001
Bank Street, Koti, Hyderabad, Andhra Pradesh 500095
Mothikhana Bldg., New Sayajiraj Rd., Mysore - 570024, Karnataka
Bharat Reddy Complex, N. H 9, Main Road, Kodad, Nalgonda. A. P 508206
Wise: the faster, cheaper way to send money to India
It’s no secret that the traditional ways of sending money between countries are slow and expensive. In fact, most banks add hidden fees to the exchange rates they offer. So when your money does eventually arrive, it’s often less than you had expected.
When you send money with Wise, you get the real exchange rate — just like the one you see on Google. No hidden fees. No surprises. And on many popular routes, Wise can send your money within one day, and sometimes within seconds.
With just an account number and IFSC code, you can send money to India at the best possible exchange rate.
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Where to find your State Bank of India IFSC code on a cheque
You can usually find your bank’s IFSC and MICR codes in your cheque book, or on the front page of your passbook
IFSC and MICR codes — what’s the difference?
IFSC and MICR codes have a very similar purpose — they both help to identify individual bank branches in India. They differ in how they do this, though.
IFSCs (Indian Financial System Codes) are issued by the RBI (Reserve Bank of India) to identify bank branches within the country. Every branch has one, and you can use them when sending money online to someone in India.
MICR (Magnetic Ink Character Recognition) codes also help to identify bank branches, but they’re only used when processing cheques. These codes are machine-readable, which means that banking systems can quickly identify the destination branch when you deposit a cheque. You won’t need to use an MICR code when sending money online.