State Bank Of Mauritius IFSC Code and MICR Code

Find State Bank Of Mauritius IFSC Code, MICR Code and branch details for NEFT, RTGS & IMPS transactions.

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State Bank Of Mauritius IFSC Code, MICR Code and SWIFT Code

With everything going digital, cyber security has become a major issue. And we know that even funds transfer has gone virtual with online banking and beyond. For that purpose, banks use certain codes to efficiently and quickly process funds and bank documents. The same goes for the SBM Bank India IFSC code and MICR code.

Indian Financial System Code or IFSC is an 11-digit alpha-numeric sequence that uniquely identifies bank branches within the NEFT network. This code is used by online funds transfer applications to ensure security and quick identification.

MICR code is the nine-digit code printed on cheques using Magnetic Ink Character Recognition (MICR) technology. This code possesses information about the Bank and its branch in the ECS-Electronic Clearing System through which you are processing your money.

The SBM Bank of India uses IFSC and MICR codes for online funds transfer, quick branch identification, and cheques processing. So, to employ any of these features, you need the IFSC code from the SBM Bank of India and the MICR code.

In the following discussion, you will get all you need to know about the IFSC code from the SBM Bank of India and the MICR code and how you can find them.

SBM Bank India IFSC Code


IFSC code from the SBM Bank of India is used by all the branches of SBM for virtual or online banking, especially money transfers from one branch or Bank to another. All applications regulated by the Reserve Bank of India (RBI) involved in electronic payments use and require IFSC code, and so does SBM Bank India.

For all of your paperless transactions, whether through NEFT, CFMS, or RTGS service, an IFSC code is essential.

Let's have a closer look at the IFSC code. Like all other standard IFSC codes, the SBM Bank India IFSC code comprises 11 digits. Out of these 11 alpha-numerals, the first four are alphabets representing the bank name. The last six members of the IFSC code are numerals, and they represent the branch code. The eleventh member on the fifth position is a zero.

Let's see what will be the IFSC code for the Mumbai branch of SBM Bank India. The first four letters will be 'STCB' representing the Bank's name. The fifth member is a zero. The branch code for the SBM Bank India IFSC code Mumbai Branch is '65'. And so, the SBM Bank India Mumbai branch IFSC code is STCB0000065.

So, all the online transactions concerning your SBM Bank account in the Mumbai branch will use the IFSC code STCB0000065. And this IFSC code will make sure there is no discrepancy in the identification of the Bank during an online money transfer.

SBM Bank India MICR Code

Banks use MICR code to secure your documentation and transactions occurring through cheques. As discussed before, the Magnetic Ink Character Recognition technology. (MICR) code is the nine-digit code or sequence you see printed on your cheque.

The importance of the MICR code relies on the fact that it possesses and records all the information regarding the transactions or investment documents. So, basically, an MICR code serves to hasten the processing of your checks.

This code is not printed in regular printer ink; instead, it uses the Magnetic Ink Character Recognition technology. Let's break down the nine-digit MICR code to see what information it contains and how it benefits the secure and efficient exchange of cheques and money between different bank branches. The SBM Bank MICR code can be broken down and seen into three separate parts: the city code, the bank code, and the branch code.

The first three digits represent the PIN code used for postal addresses in India or simply the city code. The middle three digits represent the bank code. Lastly, the branch code comprises the last three digits of the SBM Bank India MICR code.

Here's a quick example. The first part of the MICR code for the SBM Bank India Mumbai Branch is 400, representing the PIN code we use for postal addresses. And then comes the bank code, which is 332. The last three digits, '002', are the branch code of the Nariman point-Mumbai Branch. The MICR code for the SBM Bank Mumbai Branch hence is 400332002.

How to Find the IFSC Code & MICR Code of SBM Bank India?


Now that we have established the meaning, structure, and importance of IFSC code and MICR code, how and where will you find them?

SBM Bank India operates through numerous branches in India to provide you with its best money transfer and investment services. Funds transfer and their security, along with cost- and time-effectiveness, are ensured with the help of IFSC code and MICR code. You need to know your SBM Bank India IFSC code and MICR code to avail of these services.

If you happen to lose these important codes or don't know where to find them, don't worry. Here we have made a brief account of the easiest methods you can choose to find your IFSC code and MICR code.

Find Your Bank

No, you don't need to actually 'find your bank'! Find Your Bank is literally the ultimate solution to all your Bank and your account problems. It isn't easy to keep track of all the documents and the codes, such as the bank code, branch code, or the IFSC and the MICR codes. Find Your Bank is your go-to for any kind of information you need about your Bank.

To find your IFSC code and MICR code on this site, you have to follow the following simple steps:

After you land on the website, you will see a page, 'IFSC Code and MICR Code Finder.' Fill in the required data slots as follows:

  • Select the name of your Bank, which in this case is State Bank of Mauritius or SBM.
  • Select your state.
  • Select your district.
  • Select your branch name, SBM Bank India Branch, where you got your Bank account opened. The same goes for the state and district.

This way, you get authentic, reliable information in the easiest and quickest way. For all-time access to your SBM Bank India IFSC code and MICR code, you can get their mobile application too.

Online Banking

Another easy and simple method is to just log in to your SBM mobile application and go to your profile. There you will find all the necessary information, such as your SBM Bank India IFSC code and MICR code.

Cheque Book and Other Bank Documents

We know that Bank transactions cannot operate without IFSC and MICR codes. So, your checkbook, passbook, and all the bank documents have the SBM Bank India IFSC code and MICR code written on them.

You can usually find your SBM Bank India IFSC code on the extreme top and the MICR at the bottom on a cheque.

RBI Official Website

If any of the above ways do not seem right or easy to you, we have yet another one. You can go to the official website of the Reserve Bank of India (RBI). Put SBM Bank India in the search bar and get all the required information, including SBM Bank India IFSC code and MICR code.

How to Transfer Money through NEFT, RTGS & IMPS?


NEFT, RTGS, and IMPS are the major money transfer and receiving channels. SBM allows you to use any of these services with the optimal charges per transaction.


NEFT was one of the very first methods of online funds transfer introduced by the RBI. It is easy, efficient, reliable, and cost- and time-effective. SBM lets you use NEFT for your safe and secure funds transfer from one branch or Bank to another. For that, you will need the following information:

The amount you intend to transfer

  • Your full name and account number
  • Your branch IFSC code
  • Recipient's full name and account number
  • IFSC code of the bank branch of the receiver

Once you fill in the above information, your money is ready to go via NEFT. Here are the charges you will be paying in accordance with the amount you are sending:

NEFT Amount Charges
Up to Rs. 10,000 Rs. 2.5 per transaction
Up to Rs. 1 lakh Rs. 5 per transaction
Rs. 1 lakh to Rs. 2 lakhs Rs. 15 per transaction
Above Rs. 2 lakhs Rs. 25 per transaction


SBM Bank India lets you conduct NEFT transactions from 8 am to 6 30 pm every day except Sundays, and 2nd and 4th Saturdays.


RTGS or Real-time gross settlement system of funds transfer is used for larger sums of money. These money transfers are controlled by the Central Bank and cannot be reversed. So, for large-value interbank transfers, SBM offers you the RTGS system.

For transferring an amount equivalent to or more than two lakhs through the SBM Bank India RTGS system, you will be required to log in to your bank application. Or you can walk into any SBM Bank India branch to send money. You will need the same information as with the NEFT transfer:

  • Name and account number of the sender
  • IFSC code of the sender's Bank
  • Full name and account number of the receiver
  • IFSC code of the receiver's Bank
RTGS amount Charges
2 Lakhs (minimum amount) -
Up to INR 49,999 Rs. 25 + applied taxes
Up to 10 lakhs Rs. 50 + applied taxes


On working days, RTGS is available from 9 am to 4: 30 pm. On Saturdays, the SBM RTGS system works from 9 am to 2 pm.  


IMPS stands for Immediate Payment Service. SBM Bank IMPS is used for instant money transfer, and that too with minimal charges. You can send or receive any amount between Re.1 and 2 lakhs. Here are the details of the IMPS charges for the amount transacted:  

IMPS amount Charges
Up to INR 10,000 Rs. 2.50 (taxes applicable)
Up to INR 1 lakh Rs. 5 (taxes applicable)
Up to INR 2 lakhs Rs. 15 (taxes applicable)


SBM India IMPS is available 24/7, all days of the week. You can avail SBM India IMPS service either through your mobile application or physically by visiting the nearby SBM branch.

For an online IMPS transfer, you need to log in to your account on the Bank application. Go to payments, then IMPS, enter the amount and the data required. An alternate way would be to visit an SBM branch and fill out a request form. In either case, you need the following information:

  • IFSC code of the beneficiary
  • Full name and account number of the beneficiary
  • Full name and account number of the sender
  • IFSC code of the sender

About SBM Bank India


Licensed by the Reserve bank of India (RBI), SBM India serves to provide global payment and investment services through various channels. Its wide international presence benefits its customers across the network. SBM India has its branches in the major metropolitan cities of India to cater to the largest part of India's Population.


1) What is the IFSC Code of SBM BANK INDIA LIMITED RTGS HO Branch?

The IFSC code of the SBM Bank India Limited RTGS HO branch is STCB0000065.

2) Is SBM Bank under RBI?

SBM is one of the first banks in India to receive an active license from the Reserve Bank of India (RBI).

3) Is the State Bank of Mauritius and SBI the same?

SBI or the State Bank of India is not the same as SBM or the State Bank of Mauritius. The SBM group is one of the leading financial services providers, not just in India. It has a wide international presence spanning Mauritius, Kenya, and Madagascar.

4) Is SBM Bank India safe?

SBM Bank makes sure it complies with the privacy laws of the country. All the information of SBM clients and every person who walks into SBM is completely safe and secure, and this has been stated in their privacy statement. All transactions conducted through the SBM Bank Application or website are completely safe and trusted.

5) Is SBM Bank a government bank?

SBM Bank is listed on the Mauritius Stock Exchange, which is operated by the government of Mauritius. SBM Bank hence is a government bank.