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State Bank of India – Electronic Money Transfers

State Bank of India is one of the oldest bank of India with more than 277,000 employees, 500 million customers and much more. Nowadays the bank offers NEFT, RTGS and IMPS services to transfer money online. For this, you just need State Bank of India IFSC Code.

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State Bank of India – Electronic Money Transfers

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  1. State Bank of India – Electronic Money Transfers

  2. Introduction An Indian multinational public sector financial institution, the State Bank of India is one of the oldest banks on the Indian subcontinent. With about 277,000 employees, 500 million customers, 22,500 branches, and 58,000 ATMs, it is one of the largest financial institutions in the world.

  3. What is an IFSC CODE? An IFSC or Indian Financial System Code is an alphanumeric code consisting of 11 digits, categorized into 3 parts where – - The first part is made of four digits representing the bank name - The second part (fifth character) is a zero - The third part is made of six digits that signify the branch code of each bank

  4. Where can you find a State Bank of India IFSC code? - State Bank of India IFSC Code can be found imprinted on the State Bank cheque book that is given to each account holder - You can also find the State Bank of India IFSC Code on the official website of the bank - Some third party financial website also provide information on the State Bank of India IFSC Code NEFT at State Bank of India - There is a set schedule of timings for performing NEFT money transfer either at the Bank or online - Although there is no maximum limit for net banking at SBI yet the daily limit for the same has been set in between Rs 1 to Rs 1 lakh

  5. IMPS at State Bank of India - IMPS allows State Bank of India customers can to transfer money online not only on weekdays but Saturdays and Sundays also - Since this is an immediate payment service, it ensures the transfer of money from the sender’s account to that of the recipient’s within a matter of minutes

  6. RTGS at State Bank of India - There is no inter-bank or clearing house settlement involved in this process - There also exist no limits on the transactions done via the branch in this process

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