Below are the complete branch details for State Bank of India, PARNER branch, located in PARNER, MAHARASHTRA. The IFSC assigned by the Reserve Bank of India to this branch is SBIN0001129. 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 SBIN0001129 for State Bank of India – PARNER — saves you from rejected transfers, returned credits and the back-and-forth that follows them.
IFSC stands for Indian Financial System Code. It is an 11-character code that pinpoints a particular bank branch on the RBI's real-time payment rails. Every NEFT, RTGS or IMPS instruction must carry the destination branch's IFSC for the credit to land in the correct account.
In our case, SBIN0001129 is the IFSC of State Bank of India's PARNER branch. The format is fixed: SBIN = bank code, 0 = reserved, 001129 = branch identifier.
About State Bank of India
State Bank of India operates a wide network of branches across India, including the Parner branch in Parner. Each branch is enabled for NEFT, RTGS, IMPS and core banking, allowing customers to send and receive money anywhere in the country using a unique IFSC – in this case, SBIN0001129.
Parner branch overview
Located at NAGESHWAR GALLI PARNER, TAL PARNER, T AHMEDNAGAR, MAHARASHTRA 414302, the Parner branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC SBIN0001129 is required for all interbank electronic transfers routed through this branch.
Branch details at a glance
| Bank Name | State Bank of India |
|---|---|
| Branch | Parner |
| IFSC Code | SBIN0001129 |
| MICR Code | Refer to cheque leaf |
| Branch Address | NAGESHWAR GALLI PARNER, TAL PARNER, T AHMEDNAGAR, MAHARASHTRA 414302 |
| City | Parner |
| District | Ahmednagar |
| State | Maharashtra |
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 PARNER branch came to be assigned the code SBIN0001129.
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 SBIN0001129, money simply cannot be routed to the PARNER branch electronically.
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 SBIN0001129 and the account number together uniquely identify the Parner branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
How to transfer money using IFSC SBIN0001129
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 SBIN0001129 across all three.
How to use IFSC SBIN0001129 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to State Bank of India's PARNER 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 SBIN0001129.
- Confirm the bank name auto-populates as State Bank of India and the branch as PARNER.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
RTGS transfers via IFSC SBIN0001129
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 – PARNER, ensure your bank's portal accepts IFSC SBIN0001129 while registering the beneficiary. RTGS is also available 24x7.
Send money instantly through IMPS
For a real-time, anytime transfer to State Bank of India – PARNER, use IMPS. With IFSC SBIN0001129 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 SBIN0001129 for State Bank of India – PARNER, 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 – SBIN0001129 | Yes – SBIN0001129 | Yes – SBIN0001129 |
For most retail customers crediting the Parner 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 PARNER branch, the IFSC SBIN0001129 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 Parner branch is mapped to IFSC SBIN0001129 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 SBIN0001129.
Products and services
Customers walking into the Parner 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 SBIN0001129
Digital banking channels
Most day-to-day work that customers used to do at the Parner 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 SBIN0001129 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.
Reaching the branch
The Parner branch sits at NAGESHWAR GALLI PARNER, TAL PARNER, T AHMEDNAGAR, MAHARASHTRA 414302. If you are travelling from outside Parner, 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 SBIN0001129 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 – PARNER:
- The IFSC is exactly SBIN0001129 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 PARNER 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 Parner 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 SBIN0001129 continue to work without interruption.
Other ways to verify the IFSC code
While this page already lists the verified IFSC SBIN0001129 for State Bank of India – PARNER, 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 IndiaParner Branch
NAGESHWAR GALLI PARNER, TAL PARNER, T AHMEDNAGAR, MAHARASHTRA 414302
Parner, Maharashtra
Phone: the branch contact number
IFSC: SBIN0001129
Frequently asked questions
How quickly will an NEFT transfer using SBIN0001129 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to State Bank of India – Parner reflect within 30 minutes.
How do I add State Bank of India Parner as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC SBIN0001129, and complete OTP verification. Once activated, you can transfer funds at any time.
Where is State Bank of India Parner branch located?
State Bank of India's Parner branch is located at NAGESHWAR GALLI PARNER, TAL PARNER, T AHMEDNAGAR, MAHARASHTRA 414302, Parner, Maharashtra.
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 Parner branch but serve different purposes.
Does State Bank of India Parner branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on the branch contact number to confirm.
Is IFSC SBIN0001129 the same for all accounts at Parner branch?
Yes. The IFSC SBIN0001129 is shared by every account held at State Bank of India's Parner branch. Only the account number changes from customer to customer.
What is the phone number of State Bank of India Parner branch?
You can reach the branch at the branch contact number during regular banking hours.
What is the IFSC code of State Bank of India Parner branch?
The IFSC code of State Bank of India, Parner branch is SBIN0001129. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Final notes
To recap: SBIN0001129 is the IFSC code of State Bank of India, PARNER branch, in PARNER, 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.
