Use this page as a one-stop reference for everything related to State Bank of India's DEGLOOR branch in NANDED, MAHARASHTRA. The branch's IFSC code SBIN0020051 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 DEGLOOR branch, the IFSC SBIN0020051 breaks down as follows: SBIN identifies the bank, 0 is the reserved character, and 020051 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 Degloor branch in Nanded, Maharashtra is part of this network and uses the IFSC code SBIN0020051 for all electronic settlement.
About this branch
The branch is located at CRRRDRDD. It serves the Nanded 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 SBIN0020051 is used to identify this branch on the RBI payments network.
Branch details at a glance
| Bank Name | State Bank of India |
|---|---|
| Branch | Degloor |
| IFSC Code | SBIN0020051 |
| MICR Code | Refer to cheque leaf |
| Branch Address | CRRRDRDD |
| City | Nanded |
| District | Nanded |
| State | Maharashtra |
| STD Code | 2463 |
| Phone | 255014 |
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 DEGLOOR branch came to be assigned the code SBIN0020051.
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 SBIN0020051, money simply cannot be routed to the DEGLOOR branch electronically.
MICR & cheque-truncation details
Cheques drawn on the Degloor branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC SBIN0020051 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 SBIN0020051
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 SBIN0020051 across all three.
How to use IFSC SBIN0020051 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to State Bank of India's DEGLOOR 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 SBIN0020051.
- Confirm the bank name auto-populates as State Bank of India and the branch as DEGLOOR.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
RTGS transfers via IFSC SBIN0020051
RTGS (Real-Time Gross Settlement) is the fastest high-value transfer mechanism in India. It is meant for transfers of ₹2 lakh and above and settles each transaction individually and instantly. To remit through RTGS to State Bank of India – DEGLOOR, ensure your bank's portal accepts IFSC SBIN0020051 while registering the beneficiary. RTGS is also available 24x7.
IMPS to State Bank of India DEGLOOR (IFSC SBIN0020051)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC SBIN0020051 in your mobile or internet banking app, and the money is credited to the DEGLOOR branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC SBIN0020051 for State Bank of India – DEGLOOR, 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 – SBIN0020051 | Yes – SBIN0020051 | Yes – SBIN0020051 |
For most retail customers crediting the Degloor 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 DEGLOOR branch, the IFSC SBIN0020051 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 Degloor branch is mapped to IFSC SBIN0020051 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 SBIN0020051.
Banking services available
The Degloor branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 2463-255014.
- 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 SBIN0020051
Online banking and IFSC SBIN0020051
State Bank of India customers can register for net banking and the bank's official mobile app once their account at the DEGLOOR 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 SBIN0020051 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 Degloor branch
The branch is located at CRRRDRDD, which puts it inside Nanded, the broader Nanded district, and the state of Maharashtra. To plan your visit:
- Open Google Maps on your phone and search for “State Bank of India Degloor branch” — the verified location pin for IFSC SBIN0020051 should appear at the top of the results.
- Confirm the branch is open by calling 2463-255014 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 SBIN0020051 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 – DEGLOOR:
- The IFSC is exactly SBIN0020051 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 DEGLOOR 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 Degloor 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 SBIN0020051 continue to work without interruption.
Other ways to verify the IFSC code
While this page already lists the verified IFSC SBIN0020051 for State Bank of India – DEGLOOR, 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.
Branch address & contact
State Bank of IndiaDegloor Branch
CRRRDRDD
Nanded, Maharashtra
Phone: 2463-255014
IFSC: SBIN0020051
Frequently asked questions
Where is State Bank of India Degloor branch located?
State Bank of India's Degloor branch is located at CRRRDRDD, Nanded, Maharashtra.
How quickly will an NEFT transfer using SBIN0020051 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to State Bank of India – Degloor reflect within 30 minutes.
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 Degloor branch but serve different purposes.
Is IFSC SBIN0020051 the same for all accounts at Degloor branch?
Yes. The IFSC SBIN0020051 is shared by every account held at State Bank of India's Degloor branch. Only the account number changes from customer to customer.
Does State Bank of India Degloor branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 2463-255014 to confirm.
Can I use IFSC SBIN0020051 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC SBIN0020051 to send funds instantly.
Final notes
To recap: SBIN0020051 is the IFSC code of State Bank of India, DEGLOOR branch, in NANDED, 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.
