IFSC Code of State Bank of India, MERC ACQUIRING BUSINESS VERTICAL, MUMBAI

SBIN0016899

BankState Bank of India
IFSC CodeSBIN0016899
Branch Code016899 (last six characters of IFSC)
BranchMERC ACQUIRING BUSINESS VERTICAL
City / DistrictMUMBAI
StateMAHARASHTRA

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State Bank of India MERC ACQUIRING BUSINESS VERTICAL IFSC Code

The MERC ACQUIRING BUSINESS VERTICAL branch of State Bank of India located in MUMBAI, MAHARASHTRA is identified by the IFSC code SBIN0016899. 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 SBIN0016899

  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 SBIN0016899 to identify the MERC ACQUIRING BUSINESS VERTICAL 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, MERC ACQUIRING BUSINESS VERTICAL?
The IFSC code is SBIN0016899.

What is the branch code?
The branch code is 016899, the last six characters of the IFSC code.