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State Bank of India · Ramanagara

SBIN0040030: State Bank of India, Magadi

IFSC code SBIN0040030 belongs to the Magadi branch of State Bank of India in Ramanagara, Karnataka. Its MICR code is 560002513.

IFSC
SBIN0040030
MICR
560002513
Bank
State Bank of India
Branch
Magadi
District
Ramanagara
State
Karnataka
Phone
+918027745032

Branch address

State Bank of India
Magadi,Bangalore,Karnataka, 562 120

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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 040030 is the code of the Magadi branch. In the MICR code 560002513, 560 is the city, 002 the bank and 513 the branch.

Other State Bank of India branches in Ramanagara

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 Magadi branch (Ramanagara, Karnataka) is SBIN0040030.

  2. 560002513. MICR is printed at the bottom of the branch's cheques.

  3. Magadi,Bangalore,Karnataka, 562 120

  4. RBI's list shows this branch on NEFT, RTGS, IMPS and UPI. Use the IFSC SBIN0040030 with the beneficiary's account number.

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