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SBIN0001055 - STATE BANK OF INDIA
SBIN0001055

STATE BANK OF INDIA

IIT, MADRAS Branch • Chennai • Tamil Nadu

Verified NEFT/RTGS/IMPS

How to Use This IFSC Code

NEFT

Up to ₹10 lakh, 2-3 hour settlement

RTGS

₹2 lakh and above, instant settlement

IMPS

24/7 instant transfers up to ₹5 lakh

Bank Branch Details

IFSC Code
SBIN0001055
Bank Name

STATE BANK OF INDIA

Branch Name

IIT, MADRAS

City

Chennai

State

Tamil Nadu

Branch Address

IIT CAMPUS, IIT, CHENNAI, TAMIL NADU

IFSC Code Breakdown

Bank Code SBIN
Check Digit 0
Branch Code 001055

Frequently Asked Questions

What is SBIN0001055 used for?

This IFSC code is used for electronic fund transfers (NEFT, RTGS, IMPS) to STATE BANK OF INDIA IIT, MADRAS branch.

Is SBIN0001055 valid for online transfers?

Yes, this IFSC code is valid for all types of online transfers including UPI, net banking, and mobile banking.

What are the transfer limits for this branch?

NEFT: up to ₹10 lakh (usually). RTGS: Minimum ₹2 lakh. IMPS: Up to ₹5 lakh per day (standard limit).