State Bank of India Chandigarh Grain Market Branch IFSC Code: SBIN0050116
Branch Code: 050116 | CHANDIGARH, CHANDIGARH, CHANDIGARH
The official Indian Financial System Code (IFSC) for State Bank of India, Chandigarh Grain Market branch in CHANDIGARH, CHANDIGARH is SBIN0050116. The MICR code for cheque clearance is 160002122.
Branch Fact Sheet & Electronic Routing Details
- Bank Name
- State Bank of India
- Branch Name
- CHANDIGARH GRAIN MARKET-
- MICR Code
- City / District
- CHANDIGARH (CHANDIGARH)
- State
- CHANDIGARH
- Postal Pincode
- N/A
SECTOR 26 GRAIN MARKET
How to Read IFSC Code: SBIN0050116
An Indian Financial System Code (IFSC) is a unique 11-character alphanumeric code assigned by the Reserve Bank of India to identify bank branches for electronic payment systems.
First 4 alphabetic characters identify State Bank of India.
5th character is always numeral '0', reserved for future use.
Last 6 alphanumeric characters identify the specific physical branch.
Payment Systems Supported by this IFSC Code
| Payment System | Settlement Time | Minimum Amount | Availability | Ideal For |
|---|---|---|---|---|
| NEFT (National Electronic Funds Transfer) | Half-hourly batches | ₹1 (No minimum) | 24x7x365 | Routine bills, small & medium transactions |
| RTGS (Real Time Gross Settlement) | Real-time instant | ₹2,00,000 | 24x7x365 | High-value urgent financial transfers |
| IMPS (Immediate Payment Service) | Immediate | ₹1 (Max ₹5 Lakh) | 24x7x365 | Instant mobile banking & emergency transfers |
Frequently Asked Questions: State Bank of India (SBIN0050116)
Which bank does IFSC Code SBIN0050116 belong to?
IFSC Code SBIN0050116 belongs to State Bank of India for its CHANDIGARH GRAIN MARKET- branch, located in CHANDIGARH, CHANDIGARH. The 4-letter prefix 'SBIN' represents State Bank of India.
What is the IFSC Code for State Bank of India CHANDIGARH GRAIN MARKET- branch?
The IFSC Code for State Bank of India CHANDIGARH GRAIN MARKET- branch in CHANDIGARH, CHANDIGARH is SBIN0050116. It is used for NEFT, RTGS, and IMPS funds transfer.
What is the address of State Bank of India CHANDIGARH GRAIN MARKET- branch?
The branch is located at: SECTOR 26 GRAIN MARKET, CHANDIGARH, CHANDIGARH.
What is the MICR Code for State Bank of India CHANDIGARH GRAIN MARKET-?
The MICR Code for electronic cheque clearing at State Bank of India CHANDIGARH GRAIN MARKET- is 160002122.
How can I contact State Bank of India CHANDIGARH GRAIN MARKET- branch?
You can contact the branch at: Phone: 2791997. For official national customer care, refer to State Bank of India's official banking channels.
How to decipher the IFSC code SBIN0050116?
The first 4 characters 'SBIN' represent State Bank of India. The 5th character is '0' reserved for future use. The last 6 characters '050116' represent the specific CHANDIGARH GRAIN MARKET- branch code.
Parent Directory Links
Other State Bank of India Branches in CHANDIGARH
View All →NO. 3 BRD CHANDIGARH 160003
ATTAWASECTOR 42 C CHANDIGARHCHANDIGARH ,PIN-160036
PUNJAB,BHATINDA,PIN.151001.
CHANDIGARH PUNJAB
DISTRICT COURT SECTOR 17
SECTOR 9, CHANDIGARH 160009
Need help verifying this IFSC Code before sending money?
Read our step-by-step checklist on confirming bank IFSC codes, cheque MICR numbers, and recipient details.