Branch Permanently Closed / Inactive
According to official RBI records, this State Bank of India branch has been permanently closed or merged. The IFSC code SBIN0018950 is discontinued and no longer valid for money transfers.
State Bank of India — KATPUR
For the State Bank of India Katpur branch previously located in Aurangabad, Maharashtra, the assigned IFSC code was SBIN0018950. Please note that this branch is currently inactive. You should contact the bank for the new routing details before attempting any transactions.
Branch Details
| Bank Name | State Bank of India |
|---|---|
| IFSC Code | SBIN0018950 |
| MICR Code | 431002517 |
| Branch Name | KATPUR |
| Address | NEAR SHAHU VIDYALAYA,NATHNAGAR NORTH, JAIKWADI WASAHAT, DIST. AURANGABAD, MH-431106 |
| PIN Code | 431106 |
| City / Centre | Aurangabad |
| District | Aurangabad |
| State | Maharashtra |
| Contact Number | 9158434400 |
Supported Services
Location
NEAR SHAHU VIDYALAYA,NATHNAGAR NORTH, JAIKWADI WASAHAT, DIST. AURANGABAD, MH-431106, Maharashtra
Open in Google MapsExplore Pincode 431106
Find all bank branches and post offices operating in the 431106 area.
View Pincode Details →Working Hours
This branch has been deactivated or merged according to RBI records. Working hours are no longer applicable.
Customer Support
For account-related queries, please contact the bank's official customer care:
Toll-Free: 1800 1234Toll-Free: 1800 11 2211Branch: +91 9158434400Visit Official WebsiteAbout SBIN0018950 IFSC Code
The IFSC code SBIN0018950 belongs to State Bank of India's KATPUR branch. The first 4 characters 'SBIN' identify State Bank of India, the 5th character '0' is reserved for future use, and the last 6 characters '018950' uniquely identify this particular branch.
This IFSC code is used for electronic fund transfers including NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service). You can also use this code for UPI transactions through any UPI-enabled app.
Frequently Asked Questions
Banking Terms Glossary
What is an IFSC Code?
Indian Financial System Code (IFSC) is an 11-digit alphanumeric code that uniquely identifies a bank branch participating in any RBI regulated funds transfer system. It is mandatory for electronic payment applications like NEFT, RTGS, and IMPS.
What is a MICR Code?
Magnetic Ink Character Recognition (MICR) is a 9-digit code printed on cheque books. It facilitates the processing and clearance of cheques and helps prevent fraud. The first 3 digits represent the city, the next 3 represent the bank, and the last 3 represent the branch.
What is NEFT?
National Electronic Funds Transfer (NEFT) is a nationwide payment system facilitating one-to-one funds transfer. Under this scheme, individuals can electronically transfer funds from any bank branch to any individual having an account with any other bank branch in the country participating in the Scheme.
What is RTGS?
Real Time Gross Settlement (RTGS) is a system where there is continuous and real-time settlement of fund-transfers, individually on a transaction by transaction basis. It is primarily meant for large value transactions. The minimum amount to be remitted through RTGS is ₹2,00,000.
What is IMPS?
Immediate Payment Service (IMPS) is an instant payment inter-bank electronic funds transfer system in India. IMPS offers an inter-bank electronic fund transfer service through mobile phones and internet banking, available 24x7 throughout the year including bank holidays.
What is UPI?
Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one hood. It also caters to the 'Peer to Peer' collect request.
Other State Bank of India Branches in Aurangabad
Location
NEAR SHAHU VIDYALAYA,NATHNAGAR NORTH, JAIKWADI WASAHAT, DIST. AURANGABAD, MH-431106, Maharashtra
Open in Google MapsExplore Pincode 431106
Find all bank branches and post offices operating in the 431106 area.
View Pincode Details →Working Hours
This branch has been deactivated or merged according to RBI records. Working hours are no longer applicable.
Customer Support
For account-related queries, please contact the bank's official customer care:
Toll-Free: 1800 1234Toll-Free: 1800 11 2211Branch: +91 9158434400Visit Official Website