SBIN0012161 IFSC Code, STATE BANK OF INDIA, NEW MARKET ITARSI

IFSC Code of State Bank Of India, New Market Itarsi, Madhya Pradesh IFSC CODE & MICR CODE

STATE BANK OF INDIA, NEW MARKET ITARSI - SBIN0012161

  • Bank name: STATE BANK OF INDIA

Bank Address: Near City Hardware,betul Road,itarsi,dist Hoshangabad 461111

  • IFSC Code sbin0012161
  • Bank Code SBIN
  • Bank name STATE BANK OF INDIA
  • Bank contact number
  • Bank branch NEW MARKET ITARSI
  • Bank ISO3166 Code IN-MP
  • Bank Center HOSHANGABAD
  • MICR Code 461002203
  • State name MADHYA PRADESH
  • District name HOSHANGABAD
  • City name ITARSI
  • Swift Swift not provided
  • IMPS No
  • NEFT No
  • UPI No
  • RTGS No

What is an IFSC Code?

The Indian Financial System Code (IFSC) is an 11-character alphanumeric code used to uniquely identify a bank branch for online fund transfers. The IFSC code for STATE BANK OF INDIA, NEW MARKET ITARSI branch is SBIN0012161, ensures that your transactions are directed to the correct branch.

How to Use SBIN0012161 for Transactions?

  • NEFT: Use the IFSC code to transfer funds quickly to accounts in other banks.
  • RTGS: For high-value transactions, the IFSC code ensures your payment is processed instantly.
  • IMPS: The IFSC code allows 24/7 fund transfers, including weekends and holidays.

What is a MICR Code?

The Magnetic Ink Character Recognition (MICR) code is a 9-digit code used for processing paper-based transactions, such as cheques. For the NEW MARKET ITARSI branch, this code complements the IFSC code for efficient banking operations.

Benefits of Using the Correct IFSC Code

  • Accuracy: Ensures your funds are directed to the right branch.
  • Security: Prevents fraudulent transactions by uniquely identifying each branch.