This page lists the IFSC code, branch address, contact number and fund-transfer information for State Bank of India, PANAGAR branch in PANAGAR. The 11-digit IFSC SBIN0004875 uniquely identifies this branch in the RBI's centralised payments network and is required for every NEFT, RTGS or IMPS transaction routed to this branch. If you are paying somebody who banks with State Bank of India at the PANAGAR location, this is the only IFSC you need.
We have organised this page into clearly labelled sections so you can jump straight to the part that interests you — the IFSC and MICR details, the full postal address, the contact phone number, a quick primer on NEFT, RTGS and IMPS, the typical product line-up at the branch, and a frequently asked questions section that addresses the queries people raise most often about this branch.
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 – PANAGAR is SBIN0004875. The first four letters SBIN are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 004875 map to this branch in PANAGAR, MADHYA PRADESH.
Bank profile
State Bank of India is among the recognised banks listed on the Reserve Bank of India's payments network. The Panagar branch — IFSC SBIN0004875 — extends the bank's services to customers in and around Panagar, Madhya Pradesh.
Branch details at a glance
| Bank Name | State Bank of India |
|---|---|
| Branch | Panagar |
| IFSC Code | SBIN0004875 |
| MICR Code | Refer to cheque leaf |
| Branch Address | DIST JABALPUR, MADHYA PRADESH 483220 |
| City | Panagar |
| District | Jabalpur |
| State | Madhya Pradesh |
About this branch
The branch is located at DIST JABALPUR, MADHYA PRADESH 483220. It serves the Panagar 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 SBIN0004875 is used to identify this branch on the RBI payments network.
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 PANAGAR of State Bank of India — its own 11-character IFSC. The code SBIN0004875 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 SBIN0004875 the same way you would treat your account number — verify it once and save it carefully for future use.
Account types you can open at the Panagar branch
Once you have an account at State Bank of India – PANAGAR, the IFSC SBIN0004875 stays the same regardless of the type of account you hold. The branch typically supports the following options:
- Savings account — for individuals, with chequebook, ATM card and net-banking access.
- Current account — for sole proprietors, partnerships and companies that need higher transaction volumes.
- Salary account — opened in bulk for corporate employees, often with zero-balance benefits.
- NRE / NRO accounts — for non-resident Indians who want to repatriate or maintain rupee balances in India.
- Fixed deposit and recurring deposit — term-based investment accounts with quarterly or cumulative interest.
- Senior citizen accounts — concessional minimum balance and a small interest rate premium on FDs.
- Minor and student accounts — operated jointly with a guardian until the customer turns 18.
Eligibility, minimum balance and KYC requirements vary by product. Speak to a relationship officer at the branch for the latest schedule of charges and interest rates.
Products and services
Customers walking into the Panagar 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 SBIN0004875
How to transfer money using IFSC SBIN0004875
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 SBIN0004875 across all three.
How to use IFSC SBIN0004875 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to State Bank of India's PANAGAR 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 SBIN0004875.
- Confirm the bank name auto-populates as State Bank of India and the branch as PANAGAR.
- 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 PANAGAR
If you need to transfer ₹2 lakh or more in one go to an account at State Bank of India's PANAGAR branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC SBIN0004875 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 – PANAGAR, use IMPS. With IFSC SBIN0004875 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 SBIN0004875 for State Bank of India – PANAGAR, 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 – SBIN0004875 | Yes – SBIN0004875 | Yes – SBIN0004875 |
For most retail customers crediting the Panagar 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 PANAGAR branch, the IFSC SBIN0004875 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.
Digital banking channels
Most day-to-day work that customers used to do at the Panagar 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 SBIN0004875 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.
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 SBIN0004875 and the account number together uniquely identify the Panagar branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Common mistakes to avoid when using IFSC SBIN0004875
An incorrect IFSC almost always results in a failed transfer or, worse, a credit to the wrong branch. Before you click Confirm on a transfer to State Bank of India – PANAGAR, double-check for these issues:
- Confusing 0 with O. The fifth character of every IFSC is the digit
0, not the letter O. Read carefully. - Spaces or hyphens. Do not put spaces in the IFSC. It is exactly 11 characters:
SBIN0004875. - Wrong branch. A bank can have dozens of branches in the same city. Make sure you are using the IFSC for the actual branch where the beneficiary holds the account, not just any nearby branch.
- Old IFSC after a merger. If two banks have merged, the IFSC may have been reissued. Always verify with a recent passbook or cheque leaf.
- Copy-paste from chat. Auto-correct on phones can silently change letters in IFSC codes. Type carefully or copy from a trusted source like the cheque book.
Reaching the branch
The Panagar branch sits at DIST JABALPUR, MADHYA PRADESH 483220. If you are travelling from outside Panagar, 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 SBIN0004875 and your account number.
Verifying IFSC SBIN0004875 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 SBIN0004875 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 Panagar 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 SBIN0004875 continue to work without interruption.
Branch address & contact
State Bank of IndiaPanagar Branch
DIST JABALPUR, MADHYA PRADESH 483220
Panagar, Madhya Pradesh
Phone: the branch contact number
IFSC: SBIN0004875
Frequently asked questions
How quickly will an NEFT transfer using SBIN0004875 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to State Bank of India – Panagar reflect within 30 minutes.
Where is State Bank of India Panagar branch located?
State Bank of India's Panagar branch is located at DIST JABALPUR, MADHYA PRADESH 483220, Panagar, Madhya Pradesh.
Can I use IFSC SBIN0004875 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC SBIN0004875 to send funds instantly.
Is IFSC SBIN0004875 valid for NEFT and RTGS?
Yes. IFSC SBIN0004875 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
What is the phone number of State Bank of India Panagar branch?
You can reach the branch at the branch contact number during regular banking hours.
Is IFSC SBIN0004875 the same for all accounts at Panagar branch?
Yes. The IFSC SBIN0004875 is shared by every account held at State Bank of India's Panagar branch. Only the account number changes from customer to customer.
Summary
The IFSC code SBIN0004875 belongs to State Bank of India's PANAGAR branch, located at DIST JABALPUR, MADHYA PRADESH 483220 in PANAGAR, 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.
