Branch Details — SBIN0003428
| Bank Name | State Bank of India |
| Branch Name | Lower Parel, Mumbai |
| IFSC Code | SBIN0003428 |
| MICR Code | 400002048 |
| Bank Code (RBI) | SBIN |
| Branch Code | 003428 |
| Address | MADHUSUDAN MILLS COMPOUND,PANDURANG BUDHKAR MARG,MUMBAI, MAHARASHTRA ,PIN-400013 |
| City | Greater Bombay |
| District | Mumbai |
| State | Maharashtra |
| Toll Free | 1800-11-2211 |
| NEFT | ✓ Enabled — 24×7 |
| RTGS | ✓ Enabled — 24×7 |
| IMPS | ✓ Enabled — 24×7 |
| UPI | ✓ Enabled |
Transfer Methods Using SBIN0003428
NEFT
Available 24×7 including holidays. Settled in 30-minute batches. No minimum. Use IFSC SBIN0003428.
RTGS
Available 24×7. Minimum ₹2 lakh. Real-time gross settlement. Use IFSC SBIN0003428.
IMPS
Instant 24×7, 365 days. Up to ₹5 lakh per transaction.
Frequently Asked Questions
The IFSC code is SBIN0003428. This 11-character RBI-assigned code is required for NEFT, RTGS and IMPS transfers to accounts at State Bank of India Lower Parel, Mumbai branch, Greater Bombay, Maharashtra.
The MICR code is 400002048. It is a 9-digit code printed at the bottom of cheques, used only for cheque clearing.
Address: MADHUSUDAN MILLS COMPOUND,PANDURANG BUDHKAR MARG,MUMBAI, MAHARASHTRA ,PIN-400013. 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 003428 identify the Lower Parel, Mumbai branch.
Yes. State Bank of India Lower Parel, Mumbai Branch (IFSC: SBIN0003428) 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 SBIN0003428 → select NEFT/RTGS/IMPS → confirm with OTP.