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IFSC code, or Indian Financial System Code, is an 11-digit alphanumeric code given by the Reserve Bank of India to every bank branch to distinguish them. This makes the transactional process error-free and more accessible as each bank branch has its own unique identity. The IFSC code plays a vital role when making an electronic payment such as IMPS, NEFT or RTGS. Before doing a transaction, it is essential to check if the IFSC code is correct.

The SBI IFSC code comprises 11-digits; the first four letters ‘SBIN’ stands for the bank's name, i.e. State Bank of India. The next character, ‘0’, is for future reference, while the remaining six letters represent the specific branch code of the bank. 

SBI IFSC Code Structure

The 11-digit alphanumeric code can be divided into three parts. SBI IFSC code has the following structure:

  • The first four letters of the IFSC code determine the bank name
  • The fifth digit is a ‘0.’
  • The last six characters of the IFSC code determine the branch of the bank making the transaction.

For instance, the IFSC code of the State Bank of India branch in Huda Market, Sector 31, Gurgaon, is SBIN0032633. Here, ‘SBIN’ denotes the State Bank of India, and ‘032633’ denotes the branch code, Huda Market, Sector 31, Gurgaon.

State Bank of India Branch Code

A bank has various branches, with each branch being assigned a distinct code. These codes are known as branch codes and help identify the branch making the transaction. The branch code can be found in the IFSC code; it is the last six digits. The State Bank of India branch code from the above example is ‘032633’. The branch code can also be found on SBI’s official website.

MICR Code of State Bank of India

The Magnetic Ink Character Recognition Code or the MICR code is a special 9-character alphanumeric code. An MICR code helps identify the bank and the branch in the Electronic Clearing Services Scheme or the ECS Scheme. This code becomes mandatory when making a transaction via cheque. It can be found at the bottom of the cheque, next to the cheque number. A MICR code can be divided as follows:

  • The first three digits are the city code aligned with the pincode of the city
  • The next three digits represent the bank code
  • The last three digits are the branch code

For example: In the MICR code - 110002383, ‘110’ is the pincode of Gurgaon, ‘002’ is the bank code of State Bank of India and ‘383’ is the branch code of Sector 4.

State Bank of India Bank Code

Bank code refers to the unique code given to a bank to uniquely identify itself throughout the nation. The State Bank of India has a bank code of  ‘002’ as given by the Reserve Bank of India. Bank code is the fourth, fifth and sixth character of the MICR code. 

SWIFT Code of State Bank of India 

A Society For Worldwide Interbank Financial Telecommunication SWIFT Code is a unique code that identifies a bank during international transactions. It contains 8-11 characters identifying the bank name, branch, country and city. State Bank of India uses different SWIFT codes for different branches. The SWIFT code for SBI- SBININBB157 can be explained as:

  • ‘SBIN’ states the bank name, State Bank of India.
  • ‘IN’ states the country code, India.
  • ‘BB’ states the location code.
  • ‘157’ is the branch code, Lucknow main office.


Where can I find my SBI IFSC code?

IFSC code of the State Bank of India can be found on its official website, on the passbook’s front page, or the top-most part of the cheque. Bank statements also show the IFSC code.

Is the IFSC code the same for all State Bank of India banks?

No, the IFSC code is a unique code given to every bank branch, so the code cannot be the same for all the State Bank of India branches.

What are the IMPS charges by the State Bank of India bank?

There are no charges incurred on the IMPS amount of INR 1,000. As for the amount between INR 1,000 – 10,000, INR 2 plus GST will be charged, on amounts of INR 10,000 – 1 Lakh,  INR 4 plus GST has to be paid, and as for transactions between INR 2 Lakh – 5 Lakh, a charge of INR 20 plus GST will incur.

What is the bank code of the State Bank of India?

The bank code of the State Bank of India is ‘002’, which is a unique code.

How can I know the branch name of the State Bank of India?

The branch name can be found through the State Bank of India IFSC code, or it can be looked up on its official website.

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