IFSC Code of State Bank of India, Retail Asset Credit Centre-Chamarajanagara Branch, Karnataka

Use this page as a one-stop reference for everything related to State Bank of India's RETAIL ASSET CREDIT CENTRE-CHAMARAJANAGARA branch in CHAMARAJANAGARA, KARNATAKA. The branch's IFSC code SBIN0063029 is the key identifier you need whenever a remitter, employer or biller asks for a bank routing number to send funds to an account held at this branch. We have also included the branch's postal address, telephone number, banking hours, common services, and an extensive FAQ block that should answer almost every question that comes up when you are about to add this branch as a beneficiary in your net-banking app for the first time.

The Indian Financial System Code, popularly known as IFSC, is an 11-digit alphanumeric code that the RBI assigns to every bank branch participating in online interbank settlement. Without this code, an electronic transfer simply cannot reach its destination branch.

The IFSC for State Bank of India – RETAIL ASSET CREDIT CENTRE-CHAMARAJANAGARA is SBIN0063029. The first four letters SBIN are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 063029 map to this branch in CHAMARAJANAGARA, KARNATAKA.

About State Bank of India

State Bank of India operates a wide network of branches across India, including the Retail Asset Credit Centre-Chamarajanagara branch in Chamarajanagara. Each branch is enabled for NEFT, RTGS, IMPS and core banking, allowing customers to send and receive money anywhere in the country using a unique IFSC – in this case, SBIN0063029.

Retail Asset Credit Centre-Chamarajanagara branch overview

Located at SRI LAKSHMI VENKATESHWARA COMPLEX, RBO BUILDING,NANJANGUD ROAD, CHAMRAJANAGAR BRANCH,CHAMRAJANAGAR-571 313, the Retail Asset Credit Centre-Chamarajanagara branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC SBIN0063029 is required for all interbank electronic transfers routed through this branch.

Branch details at a glance

Why every State Bank of India branch has a unique IFSC

Before electronic settlement systems went live in India, money transfers between banks relied heavily on demand drafts, mail transfers and telegraphic transfers. These older instruments routinely took days to clear and were prone to misrouting because there was no single machine-readable identifier for a branch. The Reserve Bank of India solved this by issuing each participating branch — including RETAIL ASSET CREDIT CENTRE-CHAMARAJANAGARA of State Bank of India — its own 11-character IFSC. The code SBIN0063029 is therefore not just an internal reference; it is the digital postcode that lets the RBI's NEFT, RTGS and IMPS rails route funds straight to the right branch ledger without any human intervention.

Today, almost every salary credit, vendor payment, refund and EMI deduction in the country flows through this network, which is exactly why a correct IFSC matters so much. A wrong character can either bounce the transfer or send it to the wrong branch, and reversing such a credit is a manual, time-consuming process. Treat IFSC SBIN0063029 the same way you would treat your account number — verify it once and save it carefully for future use.

MICR code & cheque clearing

Apart from IFSC, every cheque book issued by State Bank of India carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC SBIN0063029 and the account number together uniquely identify the Retail Asset Credit Centre-Chamarajanagara branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

How to transfer money using IFSC SBIN0063029

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 SBIN0063029 across all three.

NEFT to State Bank of India, RETAIL ASSET CREDIT CENTRE-CHAMARAJANAGARA using IFSC SBIN0063029

National Electronic Funds Transfer is the simplest way to move money into an account at this branch. NEFT works around the clock, including Sundays and public holidays, and settles in half-hourly batches.

To send funds, add the recipient as a beneficiary in your bank's online portal, key in the account number, paste the IFSC SBIN0063029, and confirm that the system picks up State Bank of India – RETAIL ASSET CREDIT CENTRE-CHAMARAJANAGARA. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

Real-Time Gross Settlement to RETAIL ASSET CREDIT CENTRE-CHAMARAJANAGARA

If you need to transfer ₹2 lakh or more in one go to an account at State Bank of India's RETAIL ASSET CREDIT CENTRE-CHAMARAJANAGARA branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC SBIN0063029 while initiating the transfer and the credit will appear within minutes.

IMPS to State Bank of India RETAIL ASSET CREDIT CENTRE-CHAMARAJANAGARA (IFSC SBIN0063029)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC SBIN0063029 in your mobile or internet banking app, and the money is credited to the RETAIL ASSET CREDIT CENTRE-CHAMARAJANAGARA branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to Retail Asset Credit Centre-Chamarajanagara

The right transfer rail depends on how urgent the payment is, how large it is, and whether the receiving bank participates in the chosen scheme. Every option below works with the IFSC SBIN0063029:

• NEFT — best for everyday transfers of any amount; settles in half-hourly batches around the clock.
• RTGS — best for transfers of ₹2 lakh and above; settles each transaction individually in real time.
• IMPS — best when speed matters more than batch scheduling; instant credit up to ₹5 lakh.
• UPI — best for small peer-to-peer payments using a VPA; the underlying account at RETAIL ASSET CREDIT CENTRE-CHAMARAJANAGARA is still linked to IFSC SBIN0063029.

For salary credits, vendor payouts and refunds, employers and merchants usually default to NEFT because of its zero per-transaction cost for retail customers and its 24x7 availability.

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 State Bank of India's RETAIL ASSET CREDIT CENTRE-CHAMARAJANAGARA branch, the IFSC SBIN0063029 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 Retail Asset Credit Centre-Chamarajanagara branch is mapped to IFSC SBIN0063029 on the RBI payments network. The branch generally supports the full retail product catalogue of State Bank of India, 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 SBIN0063029.

Banking services available

The Retail Asset Credit Centre-Chamarajanagara branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on the branch contact number.

• Savings, current and salary accounts
• Fixed deposits and recurring deposits
• Personal, vehicle and home loans
• Demat and investment products (where supported)
• Internet banking and mobile banking enrolment
• Debit and credit card issuance
• Locker facilities (subject to availability)
• Foreign exchange services (at authorised branches)
• Bill payments, demand drafts and pay orders
• NEFT / RTGS / IMPS / UPI fund transfers using IFSC SBIN0063029

Digital banking channels

Most day-to-day work that customers used to do at the Retail Asset Credit Centre-Chamarajanagara 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 SBIN0063029 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.

How to reach the Retail Asset Credit Centre-Chamarajanagara branch

The branch is located at SRI LAKSHMI VENKATESHWARA COMPLEX, RBO BUILDING,NANJANGUD ROAD, CHAMRAJANAGAR BRANCH,CHAMRAJANAGAR-571 313, which puts it inside Chamarajanagara, the broader Chamarajanagara district, and the state of Karnataka. To plan your visit:

1. Open Google Maps on your phone and search for “State Bank of India Retail Asset Credit Centre-Chamarajanagara branch” — the verified location pin for IFSC SBIN0063029 should appear at the top of the results.
2. Confirm the branch is open by calling the branch contact number before stepping out, especially around public holidays.
3. Carry photo ID and any account-related documents you may need for the transaction you plan to do.

Most banking work — passbook updates, fund transfers, statement downloads — can also be completed online without visiting the branch in person, as long as you know the IFSC SBIN0063029 and your account number.

Things to verify before sending money

Banking errors are usually small typos that snowball into delayed credits and customer-care follow-ups. Use this short checklist before you confirm any transfer to State Bank of India – RETAIL ASSET CREDIT CENTRE-CHAMARAJANAGARA:

• The IFSC is exactly SBIN0063029 with no extra spaces.
• The beneficiary's account number matches what they shared, digit for digit.
• The portal auto-fills State Bank of India as the bank name and RETAIL ASSET CREDIT CENTRE-CHAMARAJANAGARA as the branch.
• The amount and the purpose of payment are correct.
• You have a valid OTP-verifying mobile number on hand.

A 30-second review here saves hours of reconciliation later.

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 Retail Asset Credit Centre-Chamarajanagara branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC SBIN0063029, however, work 24x7.

Verifying IFSC SBIN0063029 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 SBIN0063029 by:

• Looking at the cheque leaf – IFSC is printed near the MICR band.
• Opening the passbook's first page.
• Calling the branch directly on the branch contact number.
• Visiting the bank's official branch locator page.

Branch address & contact

Frequently asked questions

Summary

The IFSC code SBIN0063029 belongs to State Bank of India's RETAIL ASSET CREDIT CENTRE-CHAMARAJANAGARA branch, located at SRI LAKSHMI VENKATESHWARA COMPLEX, RBO BUILDING,NANJANGUD ROAD, CHAMRAJANAGAR… in CHAMARAJANAGARA, KARNATAKA. Use this code along with the beneficiary's account number for any NEFT, RTGS or IMPS transfer to this branch. Bookmark this page for quick reference whenever you need the branch's banking details.