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State Bank of India · Raigarh

SBIN0007241: State Bank of India, Baramkela

IFSC code SBIN0007241 belongs to the Baramkela branch of State Bank of India in Raigarh, Chhattisgarh. Its MICR code is 496002517.

IFSC
SBIN0007241
MICR
496002517
Bank
State Bank of India
Branch
Baramkela
District
Raigarh
State
Chhattisgarh

Branch address

State Bank of India
Distraigarh Chattisgarh 496551

Open in a map · Pincode 496551: 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 007241 is the code of the Baramkela branch. In the MICR code 496002517, 496 is the city, 002 the bank and 517 the branch.

Other State Bank of India branches in Raigarh

All 32 State Bank of India branches in Raigarh

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 Baramkela branch (Raigarh, Chhattisgarh) is SBIN0007241.

  2. 496002517. MICR is printed at the bottom of the branch's cheques.

  3. Distraigarh Chattisgarh 496551

  4. RBI's list shows this branch on NEFT, RTGS, IMPS and UPI. Use the IFSC SBIN0007241 with the beneficiary's account number.

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