Below are the complete branch details for Standard Chartered Bank, M G ROAD branch, located in MUMBAI, MAHARASHTRA. The IFSC assigned by the Reserve Bank of India to this branch is SCBL0000001. Whether you want to transfer money, add a beneficiary, verify a cheque or simply confirm the branch address, you will find authentic, up-to-date information on this page that has been cross-checked against the bank's branch directory and the RBI's master list of participants in the National Electronic Funds Transfer system.
The IFSC code is one of the most frequently asked-for pieces of information when somebody wants to send you money or set up a recurring credit such as a salary, EMI auto-debit or supplier payment. Knowing exactly which IFSC belongs to your branch — in this case SCBL0000001 for Standard Chartered Bank – M G ROAD — saves you from rejected transfers, returned credits and the back-and-forth that follows them.
An IFSC (Indian Financial System Code) is an 11-character alphanumeric code issued by the Reserve Bank of India. It uniquely identifies every bank branch that participates in the RBI's electronic fund-transfer systems – NEFT, RTGS and IMPS. The first four characters represent the bank, the fifth is always a zero (reserved for future use), and the last six characters identify the specific branch.
For Standard Chartered Bank's M G ROAD branch, the IFSC SCBL0000001 breaks down as follows: SCBL identifies the bank, 0 is the reserved character, and 000001 identifies this particular branch.
About the bank
Standard Chartered Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its M G Road branch in Mumbai, Maharashtra is part of this network and uses the IFSC code SCBL0000001 for all electronic settlement.
M G Road branch overview
Located at 90 M G ROAD, FOUNTAIN,FORT MUMBAI, the M G Road branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC SCBL0000001 is required for all interbank electronic transfers routed through this branch.
Branch details at a glance
| Bank Name | Standard Chartered Bank |
|---|---|
| Branch | M G Road |
| IFSC Code | SCBL0000001 |
| MICR Code | Refer to cheque leaf |
| Branch Address | 90 M G ROAD, FOUNTAIN,FORT MUMBAI |
| City | Mumbai |
| District | Greater Bombay |
| State | Maharashtra |
| STD Code | 22 |
| Phone | 22683301 |
The role of IFSC in India's payments network
India's electronic payment infrastructure — NEFT, RTGS, IMPS, UPI and the National Automated Clearing House (NACH) — is built on a single principle: every participating bank branch must be uniquely identifiable by an alphanumeric code. The Reserve Bank of India introduced the IFSC system to fulfil this requirement, and that is how Standard Chartered Bank's M G ROAD branch came to be assigned the code SCBL0000001.
Whether you are receiving a salary on the first of the month, paying a vendor invoice, settling an EMI, or accepting a refund from an e-commerce platform, the IFSC is the silent piece of metadata that tells the network where your account lives. Without IFSC SCBL0000001, money simply cannot be routed to the M G ROAD branch electronically.
MICR code & cheque clearing
Apart from IFSC, every cheque book issued by Standard Chartered Bank carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC SCBL0000001 and the account number together uniquely identify the M G Road branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
How to transfer money using IFSC SCBL0000001
Online transfers in India are powered by three major channels — NEFT, RTGS and IMPS — and each one requires a destination IFSC. Below is a quick guide for using IFSC SCBL0000001 across all three.
How to use IFSC SCBL0000001 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Standard Chartered Bank's M G ROAD branch. NEFT now settles on a 24x7 basis in half-hourly batches and has no upper limit for retail customers (individual banks may impose their own caps).
- Log in to your internet banking or mobile banking app.
- Choose Add Beneficiary and select NEFT / Other Bank.
- Enter the beneficiary name, account number and the IFSC SCBL0000001.
- Confirm the bank name auto-populates as Standard Chartered Bank and the branch as M G ROAD.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
Real-Time Gross Settlement to M G ROAD
If you need to transfer ₹2 lakh or more in one go to an account at Standard Chartered Bank's M G ROAD branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC SCBL0000001 while initiating the transfer and the credit will appear within minutes.
IMPS to Standard Chartered Bank M G ROAD (IFSC SCBL0000001)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC SCBL0000001 in your mobile or internet banking app, and the money is credited to the M G ROAD branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC SCBL0000001 for Standard Chartered Bank – M G ROAD, but they differ in speed, minimum amount and use case. The table below summarises the differences so you can pick the right channel for the situation at hand.
| Parameter | NEFT | RTGS | IMPS |
|---|---|---|---|
| Minimum amount | ₹1 | ₹2,00,000 | ₹1 |
| Maximum amount | No RBI cap | No RBI cap | ₹5,00,000 |
| Settlement | Half-hourly batches | Real-time | Real-time |
| Availability | 24x7 | 24x7 | 24x7 |
| Best for | Routine transfers | High-value transfers | Urgent small / mid transfers |
| IFSC required | Yes – SCBL0000001 | Yes – SCBL0000001 | Yes – SCBL0000001 |
For most retail customers crediting the M G Road branch, NEFT or IMPS will be the quickest and most economical option. RTGS comes in for one-off, high-value movements such as property purchases, vendor settlements or large gifts.
How UPI relates to the IFSC code
UPI lets you pay using a short Virtual Payment Address instead of typing the IFSC every time, but behind the scenes every UPI mandate is mapped to an account number plus an IFSC. For accounts at Standard Chartered Bank's M G ROAD branch, the IFSC SCBL0000001 is what the National Payments Corporation of India (NPCI) uses to route the credit when you tap Pay on a UPI app.
That is why, even in the UPI era, it is still worth knowing the IFSC of your home branch — for failed UPI mandates, e-mandate set-ups, third-party platform onboarding and salary or refund credits.
Products and account variants supported
Every account opened at the M G Road branch is mapped to IFSC SCBL0000001 on the RBI payments network. The branch generally supports the full retail product catalogue of Standard Chartered Bank, including:
- Resident savings accounts and salary accounts
- Current accounts for businesses and professionals
- Fixed deposits, recurring deposits and tax-saver deposits
- Demand drafts, banker's cheques and pay orders
- Retail loans — personal, vehicle, education, gold and home
- Credit cards and overdraft facilities (subject to eligibility)
- Third-party investment products such as mutual funds and insurance (through tie-ups)
Whichever product you choose, the IFSC for incoming credits remains SCBL0000001.
Products and services
Customers walking into the M G Road branch can access most of Standard Chartered Bank's standard product suite, including:
- Account opening – savings, current, NRI, salary
- Term deposits and recurring deposits
- Retail and small-business loans
- Insurance and mutual-fund tie-ups
- Locker, safe deposit and ATM card services
- Online and mobile banking activation
- Electronic transfers via IFSC SCBL0000001
Digital banking channels
Most day-to-day work that customers used to do at the M G Road branch counter can now be completed digitally — adding a beneficiary, transferring funds, applying for a fixed deposit, raising a service request or downloading account statements. The IFSC SCBL0000001 is the link between the digital channel and the branch ledger; once a transaction is confirmed, the credit or debit is reflected in the same core banking system that the branch officers see.
Reaching the branch
The M G Road branch sits at 90 M G ROAD, FOUNTAIN,FORT MUMBAI. If you are travelling from outside Mumbai, search for the branch on a maps application using the bank name and locality, or call 22-22683301 to ask for landmarks. Many customers find it easier to skip the trip altogether: net banking, mobile apps, NEFT, RTGS, IMPS and UPI all work using the IFSC SCBL0000001 and your account number.
Common mistakes to avoid when using IFSC SCBL0000001
An incorrect IFSC almost always results in a failed transfer or, worse, a credit to the wrong branch. Before you click Confirm on a transfer to Standard Chartered Bank – M G ROAD, double-check for these issues:
- Confusing 0 with O. The fifth character of every IFSC is the digit
0, not the letter O. Read carefully. - Spaces or hyphens. Do not put spaces in the IFSC. It is exactly 11 characters:
SCBL0000001. - Wrong branch. A bank can have dozens of branches in the same city. Make sure you are using the IFSC for the actual branch where the beneficiary holds the account, not just any nearby branch.
- Old IFSC after a merger. If two banks have merged, the IFSC may have been reissued. Always verify with a recent passbook or cheque leaf.
- Copy-paste from chat. Auto-correct on phones can silently change letters in IFSC codes. Type carefully or copy from a trusted source like the cheque book.
Branch banking hours and holidays
Indian bank branches typically operate from 10:00 AM to 4:00 PM, Monday to Friday, and from 10:00 AM to 2:00 PM on working Saturdays (usually the 1st, 3rd and 5th Saturdays). The M G Road branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC SCBL0000001, however, work 24x7.
Verifying IFSC SCBL0000001 from official sources
The IFSC listed on this page is sourced from the RBI's master list and validated against the bank's branch directory. To double-check before transferring large sums, you can also confirm SCBL0000001 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 22-22683301.
- Visiting the bank's official branch locator page.
Branch address & contact
Standard Chartered BankM G Road Branch
90 M G ROAD, FOUNTAIN,FORT MUMBAI
Mumbai, Maharashtra
Phone: 22-22683301
IFSC: SCBL0000001
Frequently asked questions
How do I add Standard Chartered Bank M G Road as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC SCBL0000001, and complete OTP verification. Once activated, you can transfer funds at any time.
Where is Standard Chartered Bank M G Road branch located?
Standard Chartered Bank's M G Road branch is located at 90 M G ROAD, FOUNTAIN,FORT MUMBAI, Mumbai, Maharashtra.
Does Standard Chartered Bank M G Road branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 22-22683301 to confirm.
Can I use IFSC SCBL0000001 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC SCBL0000001 to send funds instantly.
How quickly will an NEFT transfer using SCBL0000001 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Standard Chartered Bank – M G Road reflect within 30 minutes.
What is the IFSC code of Standard Chartered Bank M G Road branch?
The IFSC code of Standard Chartered Bank, M G Road branch is SCBL0000001. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Final notes
To recap: SCBL0000001 is the IFSC code of Standard Chartered Bank, M G ROAD branch, in MUMBAI, MAHARASHTRA. It is required for every electronic transfer to an account held at this branch. We keep this page updated with the latest address and contact details, so you can rely on the information here for your day-to-day banking needs.
