STATE BANK OF INDIA MAGAM BUDGAM IFSC Code

    SBIN0015981
    Verified

    IFSC Code Breakdown

    SBIN

    Bank Code

    0

    Zero

    015981

    Branch Code

    Note: The 5th character is always the digit zero (0), not the letter O.

    Branch Details for SBIN0015981

    Bank

    STATE BANK OF INDIA

    Branch

    MAGAM BUDGAM

    IFSC Code

    SBIN0015981

    MICR Code

    191002002

    Address

    HYDERIYA SHOPPING COMPLEX, GULMARG ROAD, MAGAM, DISTT. BUDGAM. JAMMU AND KASHMIR 193401

    City

    MAGAM

    District

    BUDGAM

    State

    JAMMU AND KASHMIR

    How to Use This IFSC

    NEFT: Use this IFSC for National Electronic Funds Transfer. Available 24x7.

    RTGS: Use for Real Time Gross Settlement for amounts ≥₹2 lakh.

    IMPS: For Immediate Payment Service, available 24x7 for instant transfers.

    Last Updated: Feb 2026

    About this Branch

    The MAGAM BUDGAM branch of STATE BANK OF INDIA is located in BUDGAM, JAMMU AND KASHMIR. This branch handles NEFT, RTGS, and IMPS transactions for the MAGAM area. The IFSC code SBIN0015981 is required for all electronic fund transfers to this branch.

    Frequently Asked Questions

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