State Bank of India RAIPUR Branch IFSC Code

SBIN 0050870
State Bank of India Logo State Bank of India
RAIPUR — RAIPUR, CHHATTISGARH
MICR: 492002062 RTGS: ✓ NEFT: ✓ IMPS: ✓ UPI: ✓

Branch Details

Bank
State Bank of India
Branch
RAIPUR
IFSC Code
SBIN0050870
MICR Code
492002062
Address
OPP RAJKUMAR COLLEGEG EROADRAIPUR 492001
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City
RAIPUR
District
RAIPUR
State
CHHATTISGARH
Contact
2254701

How to Use This IFSC Code

NEFT Transfer

Use IFSC code SBIN0050870 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 SBIN0050870.

IMPS Transfer

IMPS is available 24×7 including holidays. Maximum ₹5 lakhs per transaction. Use IFSC code SBIN0050870.

IFSC Code Structure

S
B
I
N
0
0
5
0
8
7
0
  • SBIN — Bank code (State Bank of India)
  • 0 — Reserved (always 0)
  • 050870 — Branch code (RAIPUR)

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Frequently Asked Questions

Is SBIN0050870 valid for online transfer?
Yes, SBIN0050870 is a valid IFSC code for State Bank of India RAIPUR branch in RAIPUR, CHHATTISGARH. You can use this code for NEFT, RTGS, and IMPS transfers.
What bank does SBIN0050870 belong to?
SBIN0050870 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 RAIPUR is 492002062. MICR (Magnetic Ink Character Recognition) is a 9-digit code used for cheque processing.
Can I do RTGS using SBIN0050870?
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.