IFSC Code of State Bank of India, Specialised Br Khargone Branch, Madhya Pradesh

Use this page as a one-stop reference for everything related to State Bank of India's SPECIALISED BR KHARGONE branch in KHARGONE, MADHYA PRADESH. The branch's IFSC code SBIN0030402 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.

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 SPECIALISED BR KHARGONE branch, the IFSC SBIN0030402 breaks down as follows: SBIN identifies the bank, 0 is the reserved character, and 030402 identifies this particular branch.

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 Specialised Br Khargone branch in Khargone, Madhya Pradesh is part of this network and uses the IFSC code SBIN0030402 for all electronic settlement.

Branch details at a glance

About the Specialised Br Khargone branch

The Specialised Br Khargone branch of State Bank of India is situated at 1ST FLOOR,14,RAVINDRA NAGAR,KHARGONE M.P.451001. 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 SBIN0030402 is used.

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 SPECIALISED BR KHARGONE branch came to be assigned the code SBIN0030402.

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 SBIN0030402, money simply cannot be routed to the SPECIALISED BR KHARGONE branch electronically.

Products and account variants supported

Every account opened at the Specialised Br Khargone branch is mapped to IFSC SBIN0030402 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 SBIN0030402.

Products and services

Customers walking into the Specialised Br Khargone 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 SBIN0030402

How to transfer money using IFSC SBIN0030402

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 SBIN0030402 across all three.

NEFT to State Bank of India, SPECIALISED BR KHARGONE using IFSC SBIN0030402

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 SBIN0030402, and confirm that the system picks up State Bank of India – SPECIALISED BR KHARGONE. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

Real-Time Gross Settlement to SPECIALISED BR KHARGONE

If you need to transfer ₹2 lakh or more in one go to an account at State Bank of India's SPECIALISED BR KHARGONE branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC SBIN0030402 while initiating the transfer and the credit will appear within minutes.

IMPS to State Bank of India SPECIALISED BR KHARGONE (IFSC SBIN0030402)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC SBIN0030402 in your mobile or internet banking app, and the money is credited to the SPECIALISED BR KHARGONE branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to Specialised Br Khargone

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 SBIN0030402:

• 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 SPECIALISED BR KHARGONE is still linked to IFSC SBIN0030402.

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 SPECIALISED BR KHARGONE branch, the IFSC SBIN0030402 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.

Online banking and IFSC SBIN0030402

State Bank of India customers can register for net banking and the bank's official mobile app once their account at the SPECIALISED BR KHARGONE 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 SBIN0030402 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.

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 SBIN0030402 and the account number together uniquely identify the Specialised Br Khargone branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

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 – SPECIALISED BR KHARGONE:

• The IFSC is exactly SBIN0030402 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 SPECIALISED BR KHARGONE 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.

Reaching the branch

The Specialised Br Khargone branch sits at 1ST FLOOR,14,RAVINDRA NAGAR,KHARGONE M.P.451001. If you are travelling from outside Khargone, search for the branch on a maps application using the bank name and locality, or call the branch contact number 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 SBIN0030402 and your account number.

Verifying IFSC SBIN0030402 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 SBIN0030402 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.

Working hours

Branch counters at Specialised Br Khargone 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 SBIN0030402 continue to work without interruption.

Branch address & contact

Frequently asked questions

Final notes

To recap: SBIN0030402 is the IFSC code of State Bank of India, SPECIALISED BR KHARGONE branch, in KHARGONE, MADHYA PRADESH. 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.