Branch Details — SBIN0061087
| Bank Name | State Bank of India |
| Branch Name | Palda |
| IFSC Code | SBIN0061087 |
| MICR Code | 452002116 |
| Bank Code (RBI) | SBIN |
| Branch Code | 061087 |
| Address | SHOP NO.3,4 SURVEY NO. 368-2,326-1 AND 326-2 AT PALDA NEMAWAR ROAD, INDORE, DISTT.INDORE. M.P - 452020 |
| City | Indore |
| District | Indore |
| State | Madhya Pradesh |
| Contact | +919977985271 |
| Toll Free | 1800-11-2211 |
| NEFT | ✓ Enabled — 24×7 |
| RTGS | ✓ Enabled — 24×7 |
| IMPS | ✓ Enabled — 24×7 |
| UPI | ✓ Enabled |
Transfer Methods Using SBIN0061087
NEFT
Available 24×7 including holidays. Settled in 30-minute batches. No minimum. Use IFSC SBIN0061087.
RTGS
Available 24×7. Minimum ₹2 lakh. Real-time gross settlement. Use IFSC SBIN0061087.
IMPS
Instant 24×7, 365 days. Up to ₹5 lakh per transaction.
Frequently Asked Questions
The IFSC code is SBIN0061087. This 11-character RBI-assigned code is required for NEFT, RTGS and IMPS transfers to accounts at State Bank of India Palda branch, Indore, Madhya Pradesh.
The MICR code is 452002116. It is a 9-digit code printed at the bottom of cheques, used only for cheque clearing.
Address: SHOP NO.3,4 SURVEY NO. 368-2,326-1 AND 326-2 AT PALDA NEMAWAR ROAD, INDORE, DISTT.INDORE. M.P - 452020. 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 061087 identify the Palda branch.
Yes. State Bank of India Palda Branch (IFSC: SBIN0061087) 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 SBIN0061087 → select NEFT/RTGS/IMPS → confirm with OTP.