Below are the complete branch details for State Bank of India, SME, PARBHANI branch, located in PARBHANI, MAHARASHTRA. The IFSC assigned by the Reserve Bank of India to this branch is SBIN0063824. Whether you want to transfer money, add a beneficiary, verify a cheque or simply confirm the branch address, you will find authentic, up-to-date information on this page that has been cross-checked against the bank's branch directory and the RBI's master list of participants in the National Electronic Funds Transfer system.
The IFSC code is one of the most frequently asked-for pieces of information when somebody wants to send you money or set up a recurring credit such as a salary, EMI auto-debit or supplier payment. Knowing exactly which IFSC belongs to your branch — in this case SBIN0063824 for State Bank of India – SME, PARBHANI — saves you from rejected transfers, returned credits and the back-and-forth that follows them.
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 – SME, PARBHANI is SBIN0063824. The first four letters SBIN are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 063824 map to this branch in PARBHANI, MAHARASHTRA.
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 SME, Parbhani branch in Parbhani, Maharashtra is part of this network and uses the IFSC code SBIN0063824 for all electronic settlement.
Branch details at a glance
| Bank Name | State Bank of India |
|---|---|
| Branch | SME, Parbhani |
| IFSC Code | SBIN0063824 |
| MICR Code | Refer to cheque leaf |
| Branch Address | STATE BANK OF INDIA,SME BRANCH,POST BAG NO.7,PLOT NO.55,SHIVAJI ROAD,PARBHANI -431401 |
| City | Parbhani |
| District | Parbhani |
| State | Maharashtra |
| Phone | 9822922069 |
About this branch
The branch is located at STATE BANK OF INDIA,SME BRANCH,POST BAG NO.7,PLOT NO.55,SHIVAJI ROAD,PARBHANI -431401. It serves the Parbhani 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 SBIN0063824 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 SME, PARBHANI branch came to be assigned the code SBIN0063824.
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 SBIN0063824, money simply cannot be routed to the SME, PARBHANI branch electronically.
Account types you can open at the SME, Parbhani branch
Once you have an account at State Bank of India – SME, PARBHANI, the IFSC SBIN0063824 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 SME, Parbhani 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 SBIN0063824
How to transfer money using IFSC SBIN0063824
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 SBIN0063824 across all three.
NEFT to State Bank of India, SME, PARBHANI using IFSC SBIN0063824
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 SBIN0063824, and confirm that the system picks up State Bank of India – SME, PARBHANI. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC SBIN0063824
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 – SME, PARBHANI, ensure your bank's portal accepts IFSC SBIN0063824 while registering the beneficiary. RTGS is also available 24x7.
IMPS to State Bank of India SME, PARBHANI (IFSC SBIN0063824)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC SBIN0063824 in your mobile or internet banking app, and the money is credited to the SME, PARBHANI branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC SBIN0063824 for State Bank of India – SME, PARBHANI, 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 – SBIN0063824 | Yes – SBIN0063824 | Yes – SBIN0063824 |
For most retail customers crediting the SME, Parbhani 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 SME, PARBHANI branch, the IFSC SBIN0063824 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 SBIN0063824
State Bank of India customers can register for net banking and the bank's official mobile app once their account at the SME, PARBHANI 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 SBIN0063824 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 & cheque-truncation details
Cheques drawn on the SME, Parbhani branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC SBIN0063824 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
Common mistakes to avoid when using IFSC SBIN0063824
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 – SME, PARBHANI, 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:
SBIN0063824. - 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.
How to reach the SME, Parbhani branch
The branch is located at STATE BANK OF INDIA,SME BRANCH,POST BAG NO.7,PLOT NO.55,SHIVAJI ROAD,PARBHANI -431401, which puts it inside Parbhani, the broader Parbhani district, and the state of Maharashtra. To plan your visit:
- Open Google Maps on your phone and search for “State Bank of India SME, Parbhani branch” — the verified location pin for IFSC SBIN0063824 should appear at the top of the results.
- Confirm the branch is open by calling 9822922069 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 SBIN0063824 and your account number.
Other ways to verify the IFSC code
While this page already lists the verified IFSC SBIN0063824 for State Bank of India – SME, PARBHANI, 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 SME, Parbhani 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 SBIN0063824 continue to work without interruption.
Branch address & contact
State Bank of IndiaSME, Parbhani Branch
STATE BANK OF INDIA,SME BRANCH,POST BAG NO.7,PLOT NO.55,SHIVAJI ROAD,PARBHANI -431401
Parbhani, Maharashtra
Phone: 9822922069
IFSC: SBIN0063824
Frequently asked questions
How quickly will an NEFT transfer using SBIN0063824 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to State Bank of India – SME, Parbhani 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 SME, Parbhani branch but serve different purposes.
Is IFSC SBIN0063824 valid for NEFT and RTGS?
Yes. IFSC SBIN0063824 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Does State Bank of India SME, Parbhani branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 9822922069 to confirm.
Where is State Bank of India SME, Parbhani branch located?
State Bank of India's SME, Parbhani branch is located at STATE BANK OF INDIA,SME BRANCH,POST BAG NO.7,PLOT NO.55,SHIVAJI ROAD,PARBHANI -431401, Parbhani, Maharashtra.
Is IFSC SBIN0063824 the same for all accounts at SME, Parbhani branch?
Yes. The IFSC SBIN0063824 is shared by every account held at State Bank of India's SME, Parbhani branch. Only the account number changes from customer to customer.
How do I add State Bank of India SME, Parbhani as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC SBIN0063824, and complete OTP verification. Once activated, you can transfer funds at any time.
What is the IFSC code of State Bank of India SME, Parbhani branch?
The IFSC code of State Bank of India, SME, Parbhani branch is SBIN0063824. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Summary
The IFSC code SBIN0063824 belongs to State Bank of India's SME, PARBHANI branch, located at STATE BANK OF INDIA,SME BRANCH,POST BAG NO.7,PLOT NO.55,SHIVAJI ROAD,PARBHANI… in PARBHANI, 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.
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