IFSC Code of State Bank of India, PALDA, INDORE

SBIN0061087

BankState Bank of India
IFSC CodeSBIN0061087
Branch Code061087 (last six characters of IFSC)
BranchPALDA
City / DistrictINDORE
StateMADHYA PRADESH

Open in interactive IFSC finder →

State Bank of India PALDA IFSC Code

The PALDA branch of State Bank of India located in INDORE, MADHYA PRADESH is identified by the IFSC code SBIN0061087. 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 SBIN0061087

  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 SBIN0061087 to identify the PALDA 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, PALDA?
The IFSC code is SBIN0061087.

What is the branch code?
The branch code is 061087, the last six characters of the IFSC code.