IFSC Code of State Bank of India, MAGAM BUDGAM, MAGAM

SBIN0015981

BankState Bank of India
IFSC CodeSBIN0015981
Branch Code015981 (last six characters of IFSC)
BranchMAGAM BUDGAM
City / DistrictMAGAM
StateJAMMU AND KASHMIR

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State Bank of India MAGAM BUDGAM IFSC Code

The MAGAM BUDGAM branch of State Bank of India located in MAGAM, JAMMU AND KASHMIR is identified by the IFSC code SBIN0015981. 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 SBIN0015981

  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 SBIN0015981 to identify the MAGAM BUDGAM 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, MAGAM BUDGAM?
The IFSC code is SBIN0015981.

What is the branch code?
The branch code is 015981, the last six characters of the IFSC code.