IFSC Code of State Bank of India, NRI PHAGWARA, KAPURTHALA

SBIN0004240

BankState Bank of India
IFSC CodeSBIN0004240
Branch Code004240 (last six characters of IFSC)
BranchNRI PHAGWARA
City / DistrictKAPURTHALA
StatePUNJAB

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State Bank of India NRI PHAGWARA IFSC Code

The NRI PHAGWARA branch of State Bank of India located in KAPURTHALA, PUNJAB is identified by the IFSC code SBIN0004240. 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 SBIN0004240

  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 SBIN0004240 to identify the NRI PHAGWARA 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, NRI PHAGWARA?
The IFSC code is SBIN0004240.

What is the branch code?
The branch code is 004240, the last six characters of the IFSC code.