If you are searching for the IFSC code of State Bank of India, DAVADI branch in DAVADI, MAHARASHTRA, this page has every detail you need. The verified IFSC code for this branch is SBIN0018962. You can use it for NEFT, RTGS and IMPS fund transfers, online banking add-payee actions, UPI mandates and any other electronic payment request that asks for an Indian Financial System Code. The information on this page is curated specifically for customers, remitters, employers and businesses who need to credit funds to an account maintained at this branch, and it is structured so you can find what you need within a few seconds of landing here.
You will see the complete branch address, the area STD code and phone number, the city and state, the day-to-day banking services that are typically offered at the DAVADI branch, and detailed step-by-step guides for using the IFSC SBIN0018962 across NEFT, RTGS and IMPS rails. A frequently-asked-questions section at the end answers the most common queries we receive about this particular branch.
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 State Bank of India's DAVADI branch, the IFSC SBIN0018962 breaks down as follows: SBIN identifies the bank, 0 is the reserved character, and 018962 identifies this particular branch.
Bank profile
State Bank of India is among the recognised banks listed on the Reserve Bank of India's payments network. The Davadi branch — IFSC SBIN0018962 — extends the bank's services to customers in and around Davadi, Maharashtra.
About the Davadi branch
The Davadi branch of State Bank of India is situated at ANJANA NIWAS, BAJARPETH, DAVADI, TAL.KHED, DIST-PUNE, MH- 410505. Customers visiting this branch can complete cash deposits, withdrawals, demand draft requests, cheque clearing, passbook updates and KYC formalities. For online transactions to or from this branch, the IFSC code SBIN0018962 is used.
Branch details at a glance
| Bank Name | State Bank of India |
|---|---|
| Branch | Davadi |
| IFSC Code | SBIN0018962 |
| MICR Code | Refer to cheque leaf |
| Branch Address | ANJANA NIWAS, BAJARPETH, DAVADI, TAL.KHED, DIST-PUNE, MH- 410505 |
| City | Davadi |
| District | Pune |
| State | Maharashtra |
| Phone | 9270012555 |
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 DAVADI of State Bank of India — its own 11-character IFSC. The code SBIN0018962 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 SBIN0018962 the same way you would treat your account number — verify it once and save it carefully for future use.
MICR & cheque-truncation details
Cheques drawn on the Davadi branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC SBIN0018962 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
How to transfer money using IFSC SBIN0018962
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 SBIN0018962 across all three.
How to use IFSC SBIN0018962 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to State Bank of India's DAVADI 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 SBIN0018962.
- Confirm the bank name auto-populates as State Bank of India and the branch as DAVADI.
- 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 DAVADI
If you need to transfer ₹2 lakh or more in one go to an account at State Bank of India's DAVADI branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC SBIN0018962 while initiating the transfer and the credit will appear within minutes.
IMPS to State Bank of India DAVADI (IFSC SBIN0018962)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC SBIN0018962 in your mobile or internet banking app, and the money is credited to the DAVADI branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC SBIN0018962 for State Bank of India – DAVADI, 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 – SBIN0018962 | Yes – SBIN0018962 | Yes – SBIN0018962 |
For most retail customers crediting the Davadi 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 DAVADI branch, the IFSC SBIN0018962 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 Davadi branch is mapped to IFSC SBIN0018962 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 SBIN0018962.
Products and services
Customers walking into the Davadi branch can access most of State Bank of India'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 SBIN0018962
Online banking and IFSC SBIN0018962
State Bank of India customers can register for net banking and the bank's official mobile app once their account at the DAVADI branch is active. Net banking lets you view balances, download statements, open fixed deposits, request cheque books and initiate NEFT/RTGS/IMPS transfers — all without setting foot in the branch. The IFSC SBIN0018962 is pre-filled by the bank for transfers originating from your own account, and you only need to enter it manually when adding an external beneficiary or sharing your account details with a third party.
How to reach the Davadi branch
The branch is located at ANJANA NIWAS, BAJARPETH, DAVADI, TAL.KHED, DIST-PUNE, MH- 410505, which puts it inside Davadi, the broader Pune district, and the state of Maharashtra. To plan your visit:
- Open Google Maps on your phone and search for “State Bank of India Davadi branch” — the verified location pin for IFSC SBIN0018962 should appear at the top of the results.
- Confirm the branch is open by calling 9270012555 before stepping out, especially around public holidays.
- 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 SBIN0018962 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 – DAVADI:
- The IFSC is exactly SBIN0018962 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 DAVADI 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.
Working hours
Branch counters at Davadi 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 SBIN0018962 continue to work without interruption.
Verifying IFSC SBIN0018962 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 SBIN0018962 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 9270012555.
- Visiting the bank's official branch locator page.
Branch address & contact
State Bank of IndiaDavadi Branch
ANJANA NIWAS, BAJARPETH, DAVADI, TAL.KHED, DIST-PUNE, MH- 410505
Davadi, Maharashtra
Phone: 9270012555
IFSC: SBIN0018962
Frequently asked questions
How do I add State Bank of India Davadi as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC SBIN0018962, and complete OTP verification. Once activated, you can transfer funds at any time.
Does State Bank of India Davadi branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 9270012555 to confirm.
How quickly will an NEFT transfer using SBIN0018962 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to State Bank of India – Davadi reflect within 30 minutes.
Where is State Bank of India Davadi branch located?
State Bank of India's Davadi branch is located at ANJANA NIWAS, BAJARPETH, DAVADI, TAL.KHED, DIST-PUNE, MH- 410505, Davadi, Maharashtra.
Is IFSC SBIN0018962 the same for all accounts at Davadi branch?
Yes. The IFSC SBIN0018962 is shared by every account held at State Bank of India's Davadi branch. Only the account number changes from customer to customer.
What is the phone number of State Bank of India Davadi branch?
You can reach the branch at 9270012555 during regular banking hours.
What is the difference between IFSC and MICR code?
IFSC is an 11-character alphanumeric code used for online transfers, while MICR is a 9-digit numeric code printed on cheques and used by cheque-clearing machines. Both identify the Davadi branch but serve different purposes.
What is the IFSC code of State Bank of India Davadi branch?
The IFSC code of State Bank of India, Davadi branch is SBIN0018962. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Summary
The IFSC code SBIN0018962 belongs to State Bank of India's DAVADI branch, located at ANJANA NIWAS, BAJARPETH, DAVADI, TAL.KHED, DIST-PUNE, MH- 410505 in DAVADI, MAHARASHTRA. 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.
