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State Bank of India · East Nimar

SBIN0000408: State Bank of India, Khandwa

IFSC code SBIN0000408 belongs to the Khandwa branch of State Bank of India in East Nimar, Madhya Pradesh. Its MICR code is 450002101.

IFSC
SBIN0000408
MICR
450002101
Bank
State Bank of India
Branch
Khandwa
District
East Nimar
State
Madhya Pradesh

Branch address

State Bank of India
Khandwa,PB No. 29,East Nimar,M.P.,PIN 450001

Open in a map · Pincode 450001: post offices and area

Payment systems

SystemOn RBI's list for this branchWhat it is for
NEFTYesTransfers of any amount, settled in half-hourly batches, all day
RTGSYesLarge transfers (₹2 lakh and above), settled one by one in real time
IMPSYesInstant transfers, any time, usually for smaller amounts
UPIYesPayments by UPI ID or mobile number from apps

Reading this IFSC

SBIN is State Bank of India's bank code, the fifth character 0 is kept for future use, and 000408 is the code of the Khandwa branch. In the MICR code 450002101, 450 is the city, 002 the bank and 101 the branch.

Other State Bank of India branches in East Nimar

IFSC and your loan

When you take a loan through Oxon Fintech, the lending partner (a bank or NBFC) pays the money straight into your own bank account, so the application asks for your account number and its IFSC. Check both against your passbook or cheque book: a wrong IFSC can delay the payment. Oxon never asks for your OTP, PIN, CVV or passwords.

Data: the Reserve Bank of India's list of NEFT and RTGS bank branches, as compiled by Razorpay's open-source IFSC dataset. Bank details change from time to time (branches merge, move or close); confirm the IFSC with your bank or on your cheque book before you send money. Oxon Fintech is a loan platform, not a bank, and is not linked to the banks listed.

01 FAQ

Common questions.

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  1. The IFSC of State Bank of India's Khandwa branch (East Nimar, Madhya Pradesh) is SBIN0000408.

  2. 450002101. MICR is printed at the bottom of the branch's cheques.

  3. Khandwa,PB No. 29,East Nimar,M.P.,PIN 450001

  4. RBI's list shows this branch on NEFT, RTGS, IMPS and UPI. Use the IFSC SBIN0000408 with the beneficiary's account number.

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