1. SBI IFSC codes, names of over 1200 branches changed; while doing any transaction, here’s what you must do

SBI IFSC codes, names of over 1200 branches changed; while doing any transaction, here’s what you must do

The bank has also published on its website the full list of all those branches whose names and codes have been changed.

By: | New Delhi | Updated: December 9, 2017 1:18 PM
state bank of india, india's l;argest bank SBI, IFSC code SBI, names of SBI branches changed, Mumbai SBI, Delhi SBI, Bangalore SBI, Chandigarh SBI, Ahmedabad SBI, Jaipur SBI, Kolkata SBI, Chennai SBI, Hyderabad SBI, Patna SBI and Bhopal SBI, In a major move, the State Bank of India (SBI), India’s largest bank, has changed the names, codes and IFSC codes of more than 1200 branches, including the branches of banks which got merged with it some time back. (PTI)

In a major move which will impact lakhs of its customers, the State Bank of India (SBI), India’s largest bank, has changed the names, codes and IFSCs of more than 1200 branches, including the branches of banks which got merged with it some time back. The bank has also published on its website the full list of all those branches whose names and codes have been changed. These include the branches located in Mumbai, Delhi, Bangalore, Chandigarh, Ahmedabad, Jaipur, Kolkata, Chennai, Hyderabad, Patna and Bhopal, among others.

For example, the name of Ahmedabad-based Gopipura branch has now been changed to Surat Main (Chowk Bazar), while the branch code has been changed to 488 from the earlier 2649. Similarly, its IFSC code has been changed to SBIN00488 from the earlier IFSC code of SBIN02649. Likewise, the Delhi-based IFCI Tower branch name has been changed to Nehru Place branch, while its branch code has been changed to 04688 from the earlier code of 32602. Naturally the new IFSC code is now SBIN04688 as against the earlier SBIN32602. This means that you need to be careful and check the changed names and branch codes while doing any transaction with any of the 1295 branches whose names and codes have been changed.

It may be noted that IFSC stands for Indian Financial System Code. An IFSC code is an alphanumeric code specific to the branch of a bank. It is a unique identification number that is a pre-requisite in wire transfer. Each SBI branch has a different IFSC code. SBI IFSC codes are used in RTGS, NEFT and IMPS transfers, without which these transfers are impossible. The RBI provides these codes to the banks.

  1. k
    k.p.sarathy
    Dec 8, 2017 at 5:05 pm
    Very useful
    Reply
    1. R
      ravi
      Dec 8, 2017 at 4:26 pm
      ravikoli.c
      Reply
      1. G
        G bhooma
        Dec 8, 2017 at 4:14 pm
        This is well.known to all the existing customers of the concerned branches. This is due to merger SBI branches with branches of erstwhile associate banks in some cities
        Reply
        1. P
          Prameela
          Dec 8, 2017 at 12:43 pm
          My account in bhadravathi but v r in Bangalore now I can't go their can u pls help me
          Reply
          1. S
            Sushil.kumar
            Dec 8, 2017 at 12:39 pm
            Supper
            Reply
            1. G
              Gangaraju
              Dec 8, 2017 at 11:54 am
              Fgdx
              Reply
              1. D
                Dharmendra
                Dec 8, 2017 at 10:55 am
                Job site bank hai
                Reply
                1. D
                  Dharmendra
                  Dec 8, 2017 at 10:52 am
                  Hii
                  Reply
                  1. K
                    Kapil
                    Dec 8, 2017 at 10:08 am
                    Fake news IFSC code is always contains 11 no. But in this news you shows only 9
                    Reply
                    1. L
                      Litan Rahman
                      Dec 8, 2017 at 9:40 am
                      Lone problem
                      Reply
                      1. M
                        Mir Reyaz
                        Dec 8, 2017 at 9:31 am
                        its IFS Code instead of IFSC code as C in former itself stands for Code.
                        Reply
                        1. R
                          Ravaiyashaileshbhaibabubhai
                          Dec 8, 2017 at 9:24 am
                          Please re send my IFC code
                          Reply
                          1. R
                            Ravaiyashaileshbhaibabubhai
                            Dec 8, 2017 at 9:22 am
                            Ravalshaileshbhai947 gimail
                            Reply
                            1. N
                              Narendra Singh kasana
                              Dec 8, 2017 at 9:14 am
                              Best bank
                              Reply
                              1. W
                                Waheed Ahmed
                                Dec 8, 2017 at 9:12 am
                                The SBI banking are best ever among others as it is believable.It is a bank for every Indians, NRI and others.we had a very good experiences during a period of two decades in my personal banking which becomes a official now.
                                Reply
                                1. J
                                  Jignesh shah
                                  Dec 8, 2017 at 9:09 am
                                  It should be posted in local news paper all over India state or town wise detail for change of number
                                  Reply
                                  1. P
                                    Praveen
                                    Dec 8, 2017 at 9:00 am
                                    What the..........
                                    Reply
                                    1. Wasim Pathan
                                      Dec 8, 2017 at 7:31 am
                                      I'm not sure about the necessity of IFS code while wire transfer. IFS code account no can be merged to further ease the system. What I mean is, let only account no be mandatory for wire transfer. And account no itself should have bank name, branch code, individual account no, etc. It may look like SBIN036680000567855 for an example where first few alpha numerics will signify IFS then later digits signify branch code so on. By this, customers don't need to remember or carry too many things while wire transfer. System will ease further. #Revise the account nos!
                                      Reply
                                      1. Load More Comments

                                      Go to Top