IFSC Code of State Bank of India, Parasia Road Chhindwara Branch, Madhya Pradesh

Use this page as a one-stop reference for everything related to State Bank of India's PARASIA ROAD CHHINDWARA branch in CHHINDWARA, MADHYA PRADESH. The branch's IFSC code SBIN0064303 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.

IFSC stands for Indian Financial System Code. It is an 11-character code that pinpoints a particular bank branch on the RBI's real-time payment rails. Every NEFT, RTGS or IMPS instruction must carry the destination branch's IFSC for the credit to land in the correct account.

In our case, SBIN0064303 is the IFSC of State Bank of India's PARASIA ROAD CHHINDWARA branch. The format is fixed: SBIN = bank code, 0 = reserved, 064303 = branch identifier.

Branch details at a glance

About the bank

State Bank of India serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Parasia Road Chhindwara branch in Chhindwara, Madhya Pradesh is part of this network and uses the IFSC code SBIN0064303 for all electronic settlement.

About this branch

The branch is located at PARASIA ROAD CHHINDWARA-480001. It serves the Chhindwara region and is connected to the bank's core banking platform, which means transactions initiated here are instantly visible across all other branches of State Bank of India. The IFSC SBIN0064303 is used to identify this branch on the RBI payments network.

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 State Bank of India's PARASIA ROAD CHHINDWARA branch came to be assigned the code SBIN0064303.

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 SBIN0064303, money simply cannot be routed to the PARASIA ROAD CHHINDWARA branch electronically.

How to transfer money using IFSC SBIN0064303

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 SBIN0064303 across all three.

NEFT to State Bank of India, PARASIA ROAD CHHINDWARA using IFSC SBIN0064303

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 SBIN0064303, and confirm that the system picks up State Bank of India – PARASIA ROAD CHHINDWARA. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

Real-Time Gross Settlement to PARASIA ROAD CHHINDWARA

If you need to transfer ₹2 lakh or more in one go to an account at State Bank of India's PARASIA ROAD CHHINDWARA branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC SBIN0064303 while initiating the transfer and the credit will appear within minutes.

Send money instantly through IMPS

For a real-time, anytime transfer to State Bank of India – PARASIA ROAD CHHINDWARA, use IMPS. With IFSC SBIN0064303 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.

NEFT vs RTGS vs IMPS — which one should you use?

All three modes accept the IFSC SBIN0064303 for State Bank of India – PARASIA ROAD CHHINDWARA, 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.

For most retail customers crediting the Parasia Road Chhindwara 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 State Bank of India's PARASIA ROAD CHHINDWARA branch, the IFSC SBIN0064303 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 Parasia Road Chhindwara branch is mapped to IFSC SBIN0064303 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 SBIN0064303.

Banking services available

The Parasia Road Chhindwara branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 7162-8329765618.

• 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 SBIN0064303

MICR & cheque-truncation details

Cheques drawn on the Parasia Road Chhindwara branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC SBIN0064303 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.

Digital banking channels

Most day-to-day work that customers used to do at the Parasia Road Chhindwara 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 SBIN0064303 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.

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 – PARASIA ROAD CHHINDWARA:

• The IFSC is exactly SBIN0064303 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 PARASIA ROAD CHHINDWARA 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.

How to reach the Parasia Road Chhindwara branch

The branch is located at PARASIA ROAD CHHINDWARA-480001, which puts it inside Chhindwara, the broader Chhindwara district, and the state of Madhya Pradesh. To plan your visit:

1. Open Google Maps on your phone and search for “State Bank of India Parasia Road Chhindwara branch” — the verified location pin for IFSC SBIN0064303 should appear at the top of the results.
2. Confirm the branch is open by calling 7162-8329765618 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 SBIN0064303 and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC SBIN0064303 for State Bank of India – PARASIA ROAD CHHINDWARA, you can cross-check the code from any of these sources before initiating a high-value transfer:

• The front of the cheque book issued by the branch – the IFSC is printed at the top of every leaf.
• The first page of your passbook.
• The bank's official website under the branch locator.
• The Reserve Bank of India's IFSC search portal.
• Net banking dashboards usually display the home-branch IFSC under account details.

Working hours

Branch counters at Parasia Road Chhindwara are usually open from 10 AM to 4 PM on weekdays. Saturdays follow the RBI's alternate-Saturday rule. Even when the branch is closed, NEFT, RTGS, IMPS and UPI transfers addressed to SBIN0064303 continue to work without interruption.

Branch address & contact

Frequently asked questions

Summary

The IFSC code SBIN0064303 belongs to State Bank of India's PARASIA ROAD CHHINDWARA branch, located at PARASIA ROAD CHHINDWARA-480001 in CHHINDWARA, MADHYA PRADESH. 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.