State Bank of India PALDA Branch IFSC Code

SBIN 0061087

State Bank of India

PALDA — INDORE, MADHYA PRADESH

MICR: 452002116 RTGS: ✓ NEFT: ✓ IMPS: ✓ UPI: ✓

Branch Details

Bank: State Bank of India
Branch: PALDA
IFSC Code: SBIN0061087
MICR Code: 452002116
Address: SHOP NO.3,4 SURVEY NO. 368-2,326-1 AND 326-2 AT PALDA NEMAWAR ROAD, INDORE, DISTT.INDORE. M.P - 452020
City: INDORE
District: INDORE
State: MADHYA PRADESH
Contact: +919977985271

How to Use This IFSC Code

NEFT Transfer

Use IFSC code SBIN0061087 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 SBIN0061087.

IMPS Transfer

IMPS is available 24×7 including holidays. Maximum ₹5 lakhs per transaction. Use IFSC code SBIN0061087.

IFSC Code Structure

SBIN — Bank code (State Bank of India)
0 — Reserved (always 0)
061087 — Branch code (PALDA)

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Frequently Asked Questions

Is SBIN0061087 valid for online transfer?

Yes, SBIN0061087 is a valid IFSC code for State Bank of India PALDA branch in INDORE, MADHYA PRADESH. You can use this code for NEFT, RTGS, and IMPS transfers.

What bank does SBIN0061087 belong to?

SBIN0061087 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 PALDA is 452002116. MICR (Magnetic Ink Character Recognition) is a 9-digit code used for cheque processing.

Can I do RTGS using SBIN0061087?

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.