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State Bank of India IFSC Code SBIN0061087

HomeIFSC CodesState Bank of IndiaSBIN0061087

IFSC Code: SBIN0061087

MICR Code: 452002116

SWIFT Code:

Branch: PALDA

Bank: State Bank of India

Address: SHOP NO.3,4 SURVEY NO. 368-2,326-1 AND 326-2 AT PALDA NEMAWAR ROAD, INDORE, DISTT.INDORE. M.P – 452020

District: INDORE

State: MADHYA PRADESH

Contact: +919977985271

Indian Financial System Code (IFSC): SBIN0061087

The IFSC is an 11-character alphanumeric code used to identify bank branches in India for electronic payment systems such as RTGS, NEFT, IMPS, and CFMS (managed by the Reserve Bank of India).

  • The first four characters represent the bank name.
  • The fifth character is always ‘0’ and is reserved for future use.
  • Branch Code 061087. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 452002116

The MICR code is a unique code printed on cheques using magnetic ink. It helps in the secure and faster processing and clearance of cheques by identifying the bank and branch.

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