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State Bank of India · Hoshangabad

SBIN0012161: State Bank of India, New Market Itarsi

IFSC code SBIN0012161 belongs to the New Market Itarsi branch of State Bank of India in Hoshangabad, Madhya Pradesh. Its MICR code is 461002203.

IFSC
SBIN0012161
MICR
461002203
Bank
State Bank of India
Branch
New Market Itarsi
District
Hoshangabad
State
Madhya Pradesh

Branch address

State Bank of India
Near City Hardware,Betul Road,Itarsi,Dist Hoshangabad 461111

Open in a map · Pincode 461111: 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 012161 is the code of the New Market Itarsi branch. In the MICR code 461002203, 461 is the city, 002 the bank and 203 the branch.

Other State Bank of India branches in Hoshangabad

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 New Market Itarsi branch (Hoshangabad, Madhya Pradesh) is SBIN0012161.

  2. 461002203. MICR is printed at the bottom of the branch's cheques.

  3. Near City Hardware,Betul Road,Itarsi,Dist Hoshangabad 461111

  4. RBI's list shows this branch on NEFT, RTGS, IMPS and UPI. Use the IFSC SBIN0012161 with the beneficiary's account number.

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