IFSC Code of State Bank of India, PAYMENT AND SETTLEMENT MUMBAI, NEW MUMBAI

SBIN0070697

BankState Bank of India
IFSC CodeSBIN0070697
Branch Code070697 (last six characters of IFSC)
BranchPAYMENT AND SETTLEMENT MUMBAI
City / DistrictNEW MUMBAI
StateMAHARASHTRA

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State Bank of India PAYMENT AND SETTLEMENT MUMBAI IFSC Code

The PAYMENT AND SETTLEMENT MUMBAI branch of State Bank of India located in NEW MUMBAI, MAHARASHTRA is identified by the IFSC code SBIN0070697. 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 SBIN0070697

  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 SBIN0070697 to identify the PAYMENT AND SETTLEMENT MUMBAI 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, PAYMENT AND SETTLEMENT MUMBAI?
The IFSC code is SBIN0070697.

What is the branch code?
The branch code is 070697, the last six characters of the IFSC code.