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State Bank of India · Raisen

SBIN0002831: State Bank of India, Begumganj

IFSC code SBIN0002831 belongs to the Begumganj branch of State Bank of India in Raisen, Madhya Pradesh. Its MICR code is 464002513.

IFSC
SBIN0002831
MICR
464002513
Bank
State Bank of India
Branch
Begumganj
District
Raisen
State
Madhya Pradesh

Branch address

State Bank of India
Distraisen Madhya Pradesh 464881

Open in a map · Pincode 464881: 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 002831 is the code of the Begumganj branch. In the MICR code 464002513, 464 is the city, 002 the bank and 513 the branch.

Other State Bank of India branches in Raisen

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 Begumganj branch (Raisen, Madhya Pradesh) is SBIN0002831.

  2. 464002513. MICR is printed at the bottom of the branch's cheques.

  3. Distraisen Madhya Pradesh 464881

  4. RBI's list shows this branch on NEFT, RTGS, IMPS and UPI. Use the IFSC SBIN0002831 with the beneficiary's account number.

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