State Bank of India · Indore

SBI M.G. Road Market, Indore IFSC code

IFSC code

✔ In RBI list v2.0.62

SBIN0004241

MICR code

452City

002Bank

016Branch

IFSC code: SBIN0004241
MICR code: 452002016
Bank: State Bank of India
Branch: M.G. Road Market, Indore
Address: 36,KHATIPURACHOKAR PLAZA, INDORE, MP 452007
City: Indore
District: Indore
State: Madhya Pradesh
Bank code: SBIN
Branch code: 004241
Payment systems: NEFT, RTGS, IMPS, UPI

Quick summary✔ RBI data Last synced 24 October 2026 · release v2.0.62

The IFSC code of State Bank of India, M.G. Road Market, Indore branch (Indore, Madhya Pradesh) is SBIN0004241. Its MICR code is 452002016. Use the IFSC for NEFT, RTGS and IMPS transfers to accounts at this branch.

Branch overview

Bank code SBIN — identifies State Bank of India
5th character 0 — reserved by the RBI
Branch code 004241 — identifies M.G. Road Market, Indore
MICR 452002016 — city 452, bank 002, branch 016
Payments NEFT, RTGS, IMPS, UPI

Sources & verification

✔ Official source: RBI IFSC & MICR master list
✔ Dataset release v2.0.62
✔ Last updated 24 October 2026
✔ Format checked (11-character IFSC, 9-digit MICR)

Other SBI branches in Indore

Branch	IFSC	MICR
Indore Main NEAR GPO, A. B. ROAD, INDORE, M.P.	SBIN0000387	452002002
Indore City DISTINDORE, MADHYA PRADESH 452 003	SBIN0000388	452002006
I.E. Indore NEAR INDUSTRIAL ESTATE,P B NO.205 INDORE	SBIN0001200	452002005
ADB Sanwer DIST INDORE, MADHYA PRADESH 453 551	SBIN0003017	452002506
M.G. Road Indroe S13,M.G.ROAD,INDORE, M.P., PIN 452002	SBIN0003218	452002004
Old Palasia INDORE MADHYA PRADESH	SBIN0003432	452002011
SSI Indore INDORE INDUSTRIAL ESTATE,POLO GROUND, INDORE, MP 452015	SBIN0004037	452002013
Manikbagh Road, Jabalpur 30,GODHA COLONY,MANIK BAGH ROAD, INDORE, MP 452004	SBIN0004089	452002014
Pbb Indore GROUND FLOOR,27,SCHEME-54 PU3,COMMERCIAL BHAMORI,VIJAYNAGAR,AB ROAD,INDORE,, M.P. ,PIN-452	SBIN0004206	452002015
Service Branch, Indore AB ROADINDORE	SBIN0004383	—
Pbb Sapana Sanageeta, Indore 93-SNEH NAGAR, SAPNA-SANGEETA ROADPERSONAL BANKING BRANCH ,INDORE ,PIN - 452001	SBIN0004388	452002018
Shfb Indore 29 STARLIT TOWERY ,N MARG ,M G ROADINDORE ,PIN - 452001	SBIN0004429	452002017

Frequently asked questions

What is the IFSC code of SBI M.G. Road Market, Indore?

SBIN0004241. It identifies the M.G. Road Market, Indore branch of State Bank of India in Indore, Madhya Pradesh.

What is the MICR code of SBI M.G. Road Market, Indore?

452002016. It is printed at the bottom of cheques issued by this branch.

Where is SBI M.G. Road Market, Indore branch?

36,KHATIPURACHOKAR PLAZA, INDORE, MP 452007, Madhya Pradesh.

Does SBIN0004241 support NEFT, RTGS and IMPS?

Yes: the RBI list shows NEFT, RTGS, IMPS and UPI for this branch.

What do the parts of SBIN0004241 mean?

SBIN is the bank code of State Bank of India, the 5th character "0" is reserved by the RBI, and 004241 is the branch code of M.G. Road Market, Indore.

How many SBI branches are in Indore?

120. Each has its own IFSC code.