State Bank of India MERC ACQUIRING BUSINESS VERTICAL Branch IFSC Code

SBIN 0016899
State Bank of India Logo State Bank of India
MERC ACQUIRING BUSINESS VERTICAL — MUMBAI, MAHARASHTRA
MICR: 400002981 RTGS: ✓ NEFT: ✓ IMPS: ✓ UPI: ✓

Branch Details

Bank
State Bank of India
Branch
MERC ACQUIRING BUSINESS VERTICAL
IFSC Code
SBIN0016899
MICR Code
400002981
Address
CORPORATE CENTRE,SHOP NO.35,THE ARCADE,WTC,CUFFE PARADE,MUMBAI 400005
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City
MUMBAI
District
MUMBAI
State
MAHARASHTRA
Contact
+912222185563

How to Use This IFSC Code

NEFT Transfer

Use IFSC code SBIN0016899 to send money via NEFT to this branch. NEFT transfers are processed in hourly batches during working hours. No minimum amount required.

RTGS Transfer

This branch supports RTGS for high-value instant transfers above ₹2 lakhs. Use the same IFSC code SBIN0016899.

IMPS Transfer

IMPS is available 24×7 including holidays. Maximum ₹5 lakhs per transaction. Use IFSC code SBIN0016899.

IFSC Code Structure

S
B
I
N
0
0
1
6
8
9
9
  • SBIN — Bank code (State Bank of India)
  • 0 — Reserved (always 0)
  • 016899 — Branch code (MERC ACQUIRING BUSINESS VERTICAL)

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View all State Bank of India branches in MUMBAI →

Frequently Asked Questions

Is SBIN0016899 valid for online transfer?
Yes, SBIN0016899 is a valid IFSC code for State Bank of India MERC ACQUIRING BUSINESS VERTICAL branch in MUMBAI, MAHARASHTRA. You can use this code for NEFT, RTGS, and IMPS transfers.
What bank does SBIN0016899 belong to?
SBIN0016899 belongs to State Bank of India. The first 4 characters "SBIN" identify the bank.
What is the MICR code for this branch?
The MICR code for State Bank of India MERC ACQUIRING BUSINESS VERTICAL is 400002981. MICR (Magnetic Ink Character Recognition) is a 9-digit code used for cheque processing.
Can I do RTGS using SBIN0016899?
Yes, this branch supports RTGS (Real Time Gross Settlement). RTGS is used for high-value instant transfers above ₹2 lakhs. Available on working days during RBI specified hours.