State Bank of India IFSC Code
NERI Branch, NERI, NERI, Maharashtra
The official Indian Financial System Code (IFSC) for State Bank of India, NERI branch in NERI, Maharashtra is SBIN0061568. The MICR code for cheque clearance is 425002505.
Branch Fact Sheet & Electronic Routing Details
- Bank Name
- State Bank of India
- Branch Name
- NERI
- MICR Code
- City / District
- NERI (NERI)
- State
- Maharashtra
- Postal Pincode
- N/A
SBI, NEAR BUS STAND, NERI, DISTJALGAON MAHARASHTRA
How to Read IFSC Code: SBIN0061568
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 (SBIN0061568)
What is the IFSC Code for State Bank of India NERI branch?
The IFSC Code for State Bank of India NERI branch in NERI, Maharashtra is SBIN0061568. It is used for NEFT, RTGS, and IMPS funds transfer.
What is the address of State Bank of India NERI branch?
The branch is located at: SBI, NEAR BUS STAND, NERI, DISTJALGAON MAHARASHTRA, NERI, Maharashtra.
What is the MICR Code for State Bank of India NERI?
The MICR Code for electronic cheque clearing at State Bank of India NERI is 425002505.
How to decipher the IFSC code SBIN0061568?
The first 4 characters 'SBIN' represent State Bank of India. The 5th character is '0' reserved for future use. The last 6 characters '061568' represent the specific NERI branch code.
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