IFSC Code of State Bank of India, COLABA MARKET, COLABA

SBIN0061523

BankState Bank of India
IFSC CodeSBIN0061523
Branch Code061523 (last six characters of IFSC)
BranchCOLABA MARKET
City / DistrictCOLABA
StateMAHARASHTRA

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State Bank of India COLABA MARKET IFSC Code

The COLABA MARKET branch of State Bank of India located in COLABA, MAHARASHTRA is identified by the IFSC code SBIN0061523. This 11-character code is issued by the Reserve Bank of India (RBI) and is required for electronic fund transfers such as NEFT, RTGS, IMPS and UPI.

How to transfer money using SBIN0061523

  1. Log in to your bank’s net banking or mobile banking app.
  2. Choose the NEFT, RTGS or IMPS transfer option.
  3. Add the beneficiary with account number and branch name.
  4. Enter IFSC code SBIN0061523 to identify the COLABA MARKET branch.
  5. Enter the amount and confirm the transaction.

Difference between IFSC and MICR

AspectIFSC
Full formIndian Financial System Code
PurposeOnline money transfer (NEFT / RTGS / IMPS)
Format11-character alphanumeric
Issued byReserve Bank of India (RBI)

Frequently asked questions

What is the IFSC code of State Bank of India, COLABA MARKET?
The IFSC code is SBIN0061523.

What is the branch code?
The branch code is 061523, the last six characters of the IFSC code.