State Bank of India IFSC Code SBIN0011777

IFSC Code: SBIN0011777

MICR Code: 400002224

Branch: SBI CAPITAL MARKET BRANCH, MUMBAI

Bank: State Bank of India

Address: DIST BRIHAN MUMBAI STATE MAHARASHTRA

District: GREATER BOMBAY

State: MAHARASHTRA

Contact:

Indian Financial System Code (IFSC): SBIN0011777

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 011777. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 400002224

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.