State Bank of India Merc Acquiring Business Vertical Branch โ IFSC Code
MUMBAI, MAHARASHTRA
IFSC Code
SBIN0016899
| IFSC Code | SBIN0016899 |
| MICR Code | 400002981 |
| Bank | State Bank of India |
| Branch | Merc Acquiring Business Vertical |
| City | MUMBAI |
| District | MUMBAI |
| State | MAHARASHTRA |
| Address | CORPORATE CENTRE,SHOP NO.35,THE ARCADE,WTC,CUFFE PARADE,MUMBAI 400005 |
| Contact | +912222185563 |
| NEFT Enabled | Yes โ |
| RTGS Enabled | Yes โ |
| IMPS Enabled | Yes โ |
| UPI Enabled | Yes โ |
๐ Data sourced from RBI IFSC directory. Last verified: May 2026.Verify at State Bank of India official site โ
How to Use IFSC Code SBIN0016899
- 1. Login to your bank's mobile app or net banking
- 2. Go to Fund Transfer โ Add Beneficiary
- 3. Enter recipient's account number + IFSC: SBIN0016899
- 4. Wait 30 minโ24 hrs for beneficiary activation
- 5. Transfer via NEFT (free) or RTGS (โน2L+, instant)
IFSC Code Format โ State Bank of India
SBIN0016899
โ Bank codeโ Reservedโ Branch code
Frequently Asked Questions
What is the IFSC code of State Bank of India Merc Acquiring Business Vertical?
The IFSC code is SBIN0016899. Use this for NEFT, RTGS, and IMPS transfers to State Bank of India Merc Acquiring Business Vertical branch in MUMBAI.
What is the MICR code of State Bank of India Merc Acquiring Business Vertical?
The MICR code is 400002981. MICR codes are used for cheque processing, not for digital transfers.
Is SBIN0016899 valid for UPI transfers?
UPI transfers using a UPI ID do not require IFSC โ the app resolves it automatically. Use SBIN0016899 only for NEFT, RTGS, or IMPS when adding a bank account manually.