SBIN0016899 IFSC Code, STATE BANK OF INDIA, MERC ACQUIRING BUSINESS VERTICAL

IFSC Code of State Bank Of India, Merc Acquiring Business Vertical, Maharashtra IFSC CODE & MICR CODE

STATE BANK OF INDIA, MERC ACQUIRING BUSINESS VERTICAL - SBIN0016899

Bank name: STATE BANK OF INDIA

Bank Address: Corporate Centre,shop No.35,the Arcade,wtc,cuffe Parade,mumbai 400005

IFSC Code sbin0016899
Bank Code SBIN
Bank name STATE BANK OF INDIA
Bank contact number +912222185563
Bank branch MERC ACQUIRING BUSINESS VERTICAL
Bank ISO3166 Code IN-MH
Bank Center MUMBAI
MICR Code 400002981
State name MAHARASHTRA
District name MUMBAI
City name MUMBAI
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, MERC ACQUIRING BUSINESS VERTICAL branch is SBIN0016899, ensures that your transactions are directed to the correct branch.

How to Use SBIN0016899 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 MERC ACQUIRING BUSINESS VERTICAL 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.