State Bank Of India has 4 branches in Burhanpur like Shahapur , Nepanagar , Khandwa Road,Burhanpur , . Please select a branch from the list below to get the location, contact details, IFSC code, MICR code.

IFSC Codes of State Bank Of India in Burhanpur

Branch Name Branch Address IFSC Code MICR Code Bank City District State
Shahapur Opp Gyandeep School,Main Road,Shahpur,Dist
Burhanpur,Pin450445
SBIN0012158 450002001 State Bank Of India Shahapur Burhanpur Madhya Pradesh
Nepanagar Nepanagar Distt Burhanpur Madhya Pradesh 450221 SBIN0001306 450002011 State Bank Of India Nepanagar Burhanpur Madhya Pradesh
Khandwa Road,Burhanpur Shanwara Gate,Khandwa Road, Burhanpur SBIN0030006 NON-MICR State Bank Of India Burhanpur Burhanpur Madhya Pradesh
A D B Burhanpur Burhanpur, East Nimar, Madhya Pradesh SBIN0004582 450002006 State Bank Of India Burhanpur Burhanpur Madhya Pradesh

What is IFSC code of a bank?

Full form of IFSC code is Indian Financial System Code.
When you want to make a payment to an account you would need to mention an IFSC code along with the account number. IFSC code is used to identify a branch of a bank. An account number along with an IFSC code is used uniquely identify an account. This combination can be then used to make online fund transfer through NEFT or RTGS.
On the other hand, NEFT transactions generally take upto 2 hours to settle.

What is the use of MICR code?

MICR stands for Magnetic Ink Character Recognition. It appears on your cheque just after your cheque number. It is used to identify a particular branch of a bank in a city. It is a nine digit number of which first 3 digits stand for city, next 3 for bank and last 3 for branch.
The MICR code is used for clearing the cheques. A machine can read MICR code and quickly identify the exact branch where the account of the cheque issuers is held.

What is the time of Neft?

National Electronic Funds Transfer is used for transferring the funds online. The system is available from 8 in the morning till 7 in the evening and 1 in the afternoon. Any NEFT requests not cleared on a day are rolled over to the next day and cleared on next working day. If you want to transfer funds instantly use RTGS or IMPS instead. You can also use online wallets.