Branch Permanently Closed / Inactive
According to official RBI records, this State Bank of India branch has been permanently closed or merged. The IFSC code SBIN0050740 is discontinued and no longer valid for money transfers.
State Bank of India — NER CHOWK
If you are searching for the State Bank of India Ner Chowk IFSC code, the discontinued code is SBIN0050740. The Ner Chowk branch was located in Mandi, Ner Chowk, Himachal Pradesh. Always verify the active status of a branch before using its details.
Branch Details
| Bank Name | State Bank of India |
|---|---|
| IFSC Code | SBIN0050740 |
| MICR Code | N/A |
| Branch Name | NER CHOWK |
| Address | CAHDIAR COMPLEX MAVI ROAD |
| City / Centre | Mandi |
| District | Ner Chowk |
| State | Himachal Pradesh |
| Contact Number | 243349 |
Supported Services
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 Working hours are no longer applicable.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: 243349 (Needs STD Code)Visit Official WebsiteAbout SBIN0050740 IFSC Code
The IFSC code SBIN0050740 belongs to State Bank of India's NER CHOWK 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 '050740' 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.
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: 243349 (Needs STD Code)Visit Official Website