Branch Details — SBIN0004241
| Bank Name | State Bank of India |
| Branch Name | M.g. Road Market, Indore |
| IFSC Code | SBIN0004241 |
| MICR Code | 452002016 |
| Bank Code (RBI) | SBIN |
| Branch Code | 004241 |
| Address | 36,KHATIPURACHOKAR PLAZA, INDORE, MP 452007 |
| City | Indore |
| District | Indore |
| State | Madhya Pradesh |
| Toll Free | 1800-11-2211 |
| NEFT | ✓ Enabled — 24×7 |
| RTGS | ✓ Enabled — 24×7 |
| IMPS | ✓ Enabled — 24×7 |
| UPI | ✓ Enabled |
Transfer Methods Using SBIN0004241
NEFT
Available 24×7 including holidays. Settled in 30-minute batches. No minimum. Use IFSC SBIN0004241.
RTGS
Available 24×7. Minimum ₹2 lakh. Real-time gross settlement. Use IFSC SBIN0004241.
IMPS
Instant 24×7, 365 days. Up to ₹5 lakh per transaction.
Frequently Asked Questions
The IFSC code is SBIN0004241. This 11-character RBI-assigned code is required for NEFT, RTGS and IMPS transfers to accounts at State Bank of India M.g. Road Market, Indore branch, Indore, Madhya Pradesh.
The MICR code is 452002016. It is a 9-digit code printed at the bottom of cheques, used only for cheque clearing.
Address: 36,KHATIPURACHOKAR PLAZA, INDORE, MP 452007. Branch timings: Monday–Friday 9:30 AM – 3:30 PM, Saturday 9:30 AM – 1:30 PM (closed 2nd/4th Saturdays).
SBIN identifies State Bank of India. The 5th character 0 is reserved by RBI. The last 6 characters 004241 identify the M.g. Road Market, Indore branch.
Yes. State Bank of India M.g. Road Market, Indore Branch (IFSC: SBIN0004241) is fully enabled for NEFT, RTGS, IMPS, UPI, available 24×7 including weekends and holidays.
Log in to your bank's net banking or mobile app → Fund Transfer → Add Beneficiary → enter account number and IFSC SBIN0004241 → select NEFT/RTGS/IMPS → confirm with OTP.