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State Bank of India · Balaghat

SBIN0013642: State Bank of India, Paraswada

IFSC code SBIN0013642 belongs to the Paraswada branch of State Bank of India in Balaghat, Madhya Pradesh. Its MICR code is 481002503.

IFSC
SBIN0013642
MICR
481002503
Bank
State Bank of India
Branch
Paraswada
District
Balaghat
State
Madhya Pradesh

Branch address

State Bank of India
Infront of Ram Mandir,Paraswada,Tehsil Baihar,Distt Balaghat M P

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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 013642 is the code of the Paraswada branch. In the MICR code 481002503, 481 is the city, 002 the bank and 503 the branch.

Other State Bank of India branches in Balaghat

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 Paraswada branch (Balaghat, Madhya Pradesh) is SBIN0013642.

  2. 481002503. MICR is printed at the bottom of the branch's cheques.

  3. Infront of Ram Mandir,Paraswada,Tehsil Baihar,Distt Balaghat M P

  4. RBI's list shows this branch on NEFT, RTGS, IMPS and UPI. Use the IFSC SBIN0013642 with the beneficiary's account number.

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