Select Branch for State Bank Of India in Indore, Madhya Pradesh

Choose a branch to view IFSC code and details

Branch
A.b.road, Rau, Indore

SBIN0030460

OPP.GOVT.GIRLS HR.SEC.SCHOOL,A.B.ROAD,RAU

Branch
Adb Sanwer

SBIN0003017

DIST INDORE, MADHYA PRADESH 453 551

Branch
Airport Indore

SBIN0030526

DEVI AHILYABAI HOLKR AIRPORT,INDORE452005

Branch
AnnaPurna Road, Indore

SBIN0012659

INDORE,300,USHA NAGAR MAIN,ANNAPURNA ROAD,INDORE MP,DISTINDORE 452001

Branch
Army War College Mhow

SBIN0061079

ARMY WAR COLLEGE, MHOW, DISTT. INDORE, M.P. - 453441

Branch
Bank Colony, AnnaPurna Road,

SBIN0030458

BANK COLONY,ANNAPURNA ROAD

Branch
Basant Vihar Colony, Indore

SBIN0011763

DIST INDORE STATE MADHYA PRADESH

Branch
Betma

SBIN0013660

INDORE AHMEDABAD HIGHWAY,BETMA,TEHSIL DEPALPUR,INDORE 452001

Branch
Bhamori,indore

SBIN0030184

A59,SCH.NO.54,VIJAY NAGAR

Branch
Bicholi Mardana

SBIN0018961

SHOPNO.G10,DILPASANDBUILDING,RCM4,IDASCHEMENO.140,SECTORB,DISTT.INDORE.INDORE,MP452010

Branch
Bijli Nagar, Indore

SBIN0061536

100, SARV SUVIDHA NAGAR, BICHOLI HABSI ROAD, INDORE-452018

Branch
Capc Ao Indore

SBIN0080076

ADMINISTRATIVE OFFICE BUILDING,5 Y N ROAD,INDORE-452001

Branch
Cat Sukhnivas, Indore

SBIN0008484

CAT CAMPUS,CAT COLONY,SUKHNIWAS,INDORE,DISTINDORE,PIN - 452013

Branch
Choithram Hospital,indore

SBIN0030401

MANIK BAG ROAD

Branch
Choral

SBIN0030254

CHORAL

Branch
Cloth Market Indore

SBIN0030020

73,SITLAMATA BAZAR

Branch
Commercial Branch, Indore

SBIN0009632

COMMERCIAL BRANCH, NEAR GPO, A.B.ROAD, INDORE-452001

Branch
Cswt Bsf Campus, Indore

SBIN0004518

BIJASAN ROAD,AIRPORT ROAD INDORE ,DIST INDORE, MADHYA PRADESH ,PIN - 452002

Branch
Daly College Indore

SBIN0065022

13A,EDUCATION COLONY,MAHALAXMI MARKET,MUSAKHEDI MAIN ROAD,INDORE 452001

Branch
Davv Bhawarkua Road,indore

SBIN0030389

DEVI AHILYA VISHWA VIDYALAYA,TAKSHASHILA PARISAR,KHANDWA RD.

Branch
District Court Campus, Indore

SBIN0018075

DISTRICT COURT CAMPUS, INDORE, OPPOSITE PRESS CLUB, MG ROAD, DISTTINDORE, MADHYA PRADESH452007

Branch
Document Archival Centre Indore

SBIN0015855

518,SHEELNATH CAMP,OPPOSITE KALYAN MILL,INDORE,DISTT.INDORE.MADHYA PRADESH 452003

Branch
Foothi Kothi Indore

SBIN0061094

2339, E, SUDAMA NAGAR, OPPOSITE LUCKY BACKERY, INDORE, DISTT.INDORE, MADHYA PRADESH - 452009

Branch
Gandhi Medical College, Bhopal

SBIN0010140

HAMIDIA HOSPITAL PREMISES, BHOPAL 462001

Branch
Gandhi Nagar, Indore

SBIN0061093

27, PANCHAYAT AREA, GANDHI NAGAR, INDORE, DISTT.INDORE. MADHYA PRADESH-452010

Branch
GautamPura

SBIN0017106

115,OPP HIGHER SECONDARY SCHOOL,THANA ROAD,GAUTAMPURA,DISTT.INDORE.MADHYA PRADESH 453220

Branch
Goyal Nagar,indore

SBIN0030412

FRIENDS HOUSE,BENGALI CHOURAHA,RING ROAD,KANADIA ROAD

Branch
Gumshta Nagar,indore

SBIN0030416

OPP.SETHI GATE,SUKHNIWAS ROAD

Branch
Harsola

SBIN0004567

TEH. MHOW, DISTT. INDORE, MADHYA PRADESH 453441

Branch
Hatod

SBIN0061122

BRAMHAPALACE,HATOD,INDORE,DISTT.INDORE,M.P453111

Branch
High Court Campus Indore

SBIN0030528

HIGH COURT CAMPUS,M.G.ROAD,INDORE452001

Branch
Holkar Science College,indore

SBIN0030467

HOLKAR SCIENCE COLLEGE CAMPUS,A.B.ROAD,INDORE

Branch
I.e. Indore

SBIN0001200

NEAR INDUSTRIAL ESTATE,P B NO.205 INDORE

Branch
Iet Branch, Indore

SBIN0030470

IET CAMPUS,KHANDWA ROAD,INDORE

Branch
Ifb, Indore

SBIN0030340

ABHAY PRASHAL,RACE COURSE ROAD

Branch
Iim Campus Indore

SBIN0030525

IIM CAMPUS,RAUPITHAMUR ROAD,RAU,INDORE 453331

Branch
Indore

SBIN0050590

USHA NAGAR INDORE

Branch
Indore City

SBIN0000388

DISTINDORE, MADHYA PRADESH 452 003

Branch
Indore Main

SBIN0000387

NEAR GPO, A. B. ROAD, INDORE, M.P.

Branch
Indore Naka, DepalPur

SBIN0030024

DROPATI MENTION,INDORE NAKA,DEPALPUR

Branch
Jamli Vb

SBIN0007696

DIST INDORE MADHYA PRADESH 453643

Branch
Kampel

SBIN0030025

KAMPEL

Branch
Kanadia

SBIN0061101

KAVERI COMPLEX, KANADIYA

Branch
Keshar Bagh

SBIN0061106

14,NEMANAGAR,KESHARBAGHROAD,INDORE,DISTT.INDORE,MADHYAPRADESH452009

Branch
Khajrana Square

SBIN0061085

CHANDRALOK COLONY, KHAJRANA MAIN ROAD, INDORE, DISTT INDORE 452001

Branch
Khatiwala Tank,indore

SBIN0030426

513,KHATIWALA TANK,MAHAKAL CHOURAHA

Branch
Laxmibai Nagar Ssi Fin,indore

SBIN0030126

48A,LAXMIBAI NAGAR,KILA MAIDAN

Branch
M.g. Road Indroe

SBIN0003218

S13,M.G.ROAD,INDORE, M.P., PIN 452002

Branch
M.g. Road Market, Indore

SBIN0004241

36,KHATIPURACHOKAR PLAZA, INDORE, MP 452007

Branch
Mahesh Nagar,indore

SBIN0030131

178,JAWAHAR MARG

Branch
Mangliya

SBIN0030486

A.B.ROAD,MANGLIA

Branch
Manikbagh Road, JabalPur

SBIN0004089

30,GODHA COLONY,MANIK BAGH ROAD, INDORE, MP 452004

Branch
Mcte Mhow

SBIN0030523

STATE BANK OF INDORE,M.C.T.E.CAMPUS,MHOW

Branch
Mhow

SBIN0010800

MHOW,371,PLAWDEN ROAD,NEAR RED CROSS SOCIETY HOSPITAL,INDORE453441

Branch
Mid Corporate Branch, Indore

SBIN0031359

6, KANTI MANSION, MURAI MOHALLA, INDORE 452001

Branch
Mig Road (lig Chouraha)

SBIN0013307

G3 HIG,NEAR MIG THANA,RAVISHANKAR MAIN ROAD,INDORE MP,DISTINDORE452008

Branch
Mill Area, Indore

SBIN0030019

121,DEVI AHILYA MARG,NEAR AGNIBAN PRESS

Branch
Mpeb Campus

SBIN0010527

POLO GROUNDINDORE 452 006

Branch
Mr 9 Sopa Campus Indore

SBIN0015770

MR 9 SOPA CAMPUS INDORE, DISTRICT INDORE. MADHYA PRADESH 452010

Branch
Muncipal Corporation Campus, Indore

SBIN0030134

MUNICIPAL CORPORATION CAMPUS

Branch
Musakhedi

SBIN0061103

IDA COLONY, RING ROAD, INDORE, DISTT. INDORE. M.P 452001

Branch
Myh Campus,indore

SBIN0030359

M Y H CAMPUS,A B ROAD

Branch
Nagziri Ujjain

SBIN0061088

OPPAVANTIKACNGPETROLPUMP,DEWASROAD,NAGZIRI,UJJAIN,DISTT.UJJAIN.MADHYAPRADESH456010

Branch
Navdapanth

SBIN0030253

POST BISNAVADA,DHAR ROAD,NAVDAPANTH

Branch
Neelkanth Colony

SBIN0009509

113,NETAJI SUBHASH MARGJINSI,INDOREINDORE PIN - 452006

Branch
Nemi Nagar (jain Colony),indore

SBIN0030344

4,INDRALOK COLONY,BABU LABHCHAND CHHAJLANI MARG

Branch
Nipania,indore

SBIN0017721

PLOT NO. SAMAR PARK COLONY, MAIN ROAD, NIPANIA, DIST. INDORE, MADHYA PRADESH-452016

Branch
Old Palasia

SBIN0003432

INDORE MADHYA PRADESH

Branch
Omax City-indore

SBIN0064823

PLOT NO.1,OMAX CITY-1,AB ROAD BYPASS,MAYAKHEDI,INDORE,PIN-453771

Branch
P.y.road Indore

SBIN0030015

1,PRINCE YASHWANT ROAD

Branch
Palda

SBIN0061087

SHOP NO.3,4 SURVEY NO. 368-2,326-1 AND 326-2 AT PALDA NEMAWAR ROAD, INDORE, DISTT.INDORE. M.P - 452020

Branch
Palsikar Colony,indore

SBIN0030014

22,PALSIKAR COLONY

Branch
PardeshiPura,indore

SBIN0030129

40 BY 1,PARDESHIPURA CHOURAHA

Branch
Patrakar Colony,indore

SBIN0030133

241,PATRAKAR COLONY,SAKET CHOURAHA

Branch
Pbb Indore

SBIN0004206

GROUND FLOOR,27,SCHEME-54 PU3,COMMERCIAL BHAMORI,VIJAYNAGAR,AB ROAD,INDORE,, M.P. ,PIN-452010

Branch
Pbb Sapana Sanageeta, Indore

SBIN0004388

93-SNEH NAGAR, SAPNA-SANGEETA ROADPERSONAL BANKING BRANCH ,INDORE ,PIN - 452001

Branch
Phadnis Colony,indore

SBIN0030144

140,AB ROAD

Branch
PrakashNagar Indore

SBIN0005192

NEMAWAR ROAD, SAJAN NAGAR, INDORE 452 001

Branch
Racc Indore Fi And Mm

SBIN0062563

INDORE NAKA BRANCH, DEPALPUR,

Branch
Racpc Ii Indore

SBIN0061053

VIDHYARAJANNEXEB1,BASANTVIHAR,VIJAYNAGAR,BEHINDSATYASAISCHOOL,DISTT.INDORE,M.P.452010

Branch
Racpc Indore

SBIN0005266

DIST INDORESTATE MADHYA PRADESH

Branch
Rajendra Nagar,indore

SBIN0030457

119 B,ABHIMAN PLAZA,RAJENDRA NAGAR

Branch
Rau

SBIN0012162

AVANI PLAZA,SAI VIHAR COLONY,DISTINDORE 453331

Branch
Rbo Iii Indore

SBIN0005121

5 Y N ROAD, INDORE 452003

Branch
Rbo Iv Indore

SBIN0015412

5 Y N INDORE MADHYA PRADESH 452003

Branch
Rbo X Indore

SBIN0030277

REGION 10, 5 Y N ROAD, INDORE, MADHYA PRADESH 452001

Branch
Readymade Complex

SBIN0061089

MANGAL NAGAR, MAIN ROAD, INDORE, DISTT. INDORE. M.P- 452011

Branch
Ring Rd Bombay Hospital, Indore

SBIN0030463

PLOT NO.1,P.U.4,NEAR BOMBAY HOSPITAL,RING ROAD,INDORE452010

Branch
Ring Road, Indore

SBIN0018764

RING ROAD, HOTEL RADISSON SQUARE, INDORE, DISTT.INDORE. MADHYA PRADESH-452001

Branch
Rnt Marge

SBIN0021090

GPATS6TMAGID

Branch
Roopram Nagar,indore

SBIN0030403

139,ROOP RAM NAGAR,NEAR MANIK BAG RAILWAY CROSSING

Branch
Sadhana Nagar, Indore

SBIN0030418

7,SADHANA NAGAR,AERODROME ROAD

Branch
Saims, Bhanwrasala Indore

SBIN0016186

GRAM BHANWRASALA, DISTRICT INDORE, MADHYA PRADESH 453555

Branch
Sanwer

SBIN0030026

AJNOD ROAD,SANWER

Branch
Sanyogitaganj,indore

SBIN0030013

74,SHRADDHANAND MARG,CHHAWNI

Branch
Sarc Indore

SBIN0010007

DIST INDORESTATE MADHYA PRADESH

Branch
Sbild, Indore

SBIN0004963

STATE BANK INSTITUTE OF LEARNING AND DEVELOPMENT,13,MANIK BAGH ROAD,NEAR DIGAMBAR SCHOOL,INDORE - 452014

Branch
Scheme No One Three Six

SBIN0061538

PLOT NO.1840,SCHEME NO.114,PART I,NIRANJANPUR MAIN ROAD,NEAR KHALSA CHOWK,INDORE ( MP),PIN -452010

Branch
Scheme No. 54, A.b.road,indore

SBIN0030450

SCH.NO 54,A.B.ROAD,NEAR PRESS COMPLEX

Branch
Service Branch, Indore

SBIN0004383

AB ROADINDORE

Branch
Shfb Indore

SBIN0004429

29 STARLIT TOWERY ,N MARG ,M G ROADINDORE ,PIN - 452001

Branch
Shri Vaishnav Poly College,indore

SBIN0030360

SHRI VAISHNAV POLYTECH COLLEGE,M O G LINE

Branch
Silicon City, Indore

SBIN0061537

A-246 SILICON CITY,INODRE-452012

Branch
Simrol

SBIN0030524

OPP.OLD POLICE STATION,SIMROL

Branch
Siyaganj,indore

SBIN0030021

9,MAHARANI ROAD

Branch
Smeccc, Indore

SBIN0005033

WARD NO 61NEAR GPOINDORE

Branch
Spl. Currency Admn. Branch, Indore

SBIN0015656

SCHEME NO 54,A.B. ROAD INDORE, DISTT. INDORE.MADHYA PRADESH452010

Branch
Ssi Finance Sukhlia,indore

SBIN0030153

INDUSTRIAL AREA,SANWER ROAD

Branch
Ssi Finance-sajan Nagar,indore

SBIN0030361

274 BY 1,SAJAN NAGAR NEMAWAR ROAD

Branch
Ssi Indore

SBIN0004037

INDORE INDUSTRIAL ESTATE,POLO GROUND, INDORE, MP 452015

Branch
State Bank Foundation Institute Chetana Indore

SBIN0015249

STATE BANK FOUNDATION INSTITUTE CHETANA INDORE, PLOT NO 8 9, SCHEME NO 78, VIJAY NAGAR, INDORE452010

Branch
Tcs Campus, Indore

SBIN0061090

1A,SHUBHAMPALACECOLONY,LAXMIBAIANAJMANDIROAD,CHHOTABANGARDA,INDORE,DISTT.INDORE.MADHYAPRADESH452005

Branch
Tilak Nagar, Indore

SBIN0061086

SHOPNOG1,G2,S.V.BUSINESSPARK,77,SWAMIVIVEKANANDCOLONY,KANADIYAMAINROAD,INDORE,DISTT.INDORE.M.P.452018

Branch
Town Hall, Mhow

SBIN0030023

3334,R.C.JAL AUDITORIUM CAMPUS,MAIN STREET,MHOW

Branch
University Campus,indore

SBIN0030127

UNIVERSITY CAMPUS,RNT MARG

Branch
Vaibhav Nagar Indore

SBIN0017720

ALOK NAGAR KANADIA ROAD INDORE DISTTINDORE MADHYA PRADESH452018

Branch
Vallabh Nagar,indore

SBIN0030148

58,NEW DEWAS ROAD

Branch
Y.n.road,indore

SBIN0030115

5,Y.N.ROAD

Branch
Zonal Office Indore

SBIN0015414

5 Y N ROAD, INDORE, MADHYA PRADESH, DIST INDORE 452003

What are State Bank Of India IFSC Codes?

The Indian Financial System Code, commonly known as the IFSC code, is an alphanumeric code crucial for the electronic transfer of funds within the Indian banking system. This code helps in identifying specific bank branches, ensuring that electronic transactions like NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), and IMPS (Immediate Payment Service) are conducted smoothly and accurately.

The IFSC code acts as a guide that directs money to the right bank branch, whether it is for a money transfer to a friend, payment of a bill, or business transactions.

How to Read the Structure of the State Bank Of India IFSC Code

The IFSC code is an 11-character code consisting of three distinct elements:

  • First Four Characters: These letters indicate the name of the bank. For instance, the first four alphabets in the code represent the bank's name.
  • Fifth Character: This is always '0' (zero) and is reserved for potential future use in the system.
  • Last Six Characters: These can be either numeric or alphabetic and identify a specific branch of the bank.

Example: An IFSC code may appear as "BANK0123456." Here, "BANK" denotes the bank, and "0123456" identifies the specific branch. This unique combination ensures that each branch of every bank has a distinct identification number, allowing the precise identification of the account's location.

How to Locate an State Bank Of India IFSC Code

Locating an IFSC code is relatively straightforward and can be done using any of the following methods:

  • Cheque Book: The cheque leaves issued by your bank carry the IFSC code, usually printed on the upper section of the leaf.
  • Bank Passbook: The IFSC code is typically found on the first page of the bank passbook provided at the time of opening the account.
  • Official Websites of Banks: Most banks provide a search tool on their websites that allows you to find their respective IFSC codes based on branch location or branch name.
  • Online Banking Portals: IFSC codes are provided in most online banking systems, enabling customers to find the code related to their bank branch.
  • Mobile Banking Apps: Many banking apps allow you to view branch details, including IFSC codes.
  • RBI Website: The Reserve Bank of India maintains an official list of all banks and their respective branch IFSC codes on its website.

Importance of IFSC Code in Fund Transfers

The IFSC code plays a significant role in secure and efficient fund transfers in the following ways:

  • NEFT (National Electronic Funds Transfer): The IFSC code ensures that funds are transferred accurately from one account in a bank to another account in a different bank in India.
  • RTGS (Real-Time Gross Settlement): The IFSC code ensures the safety and speed of high-value transactions where money needs to be transferred at once.
  • IMPS (Immediate Payment Service): An instant fund transfer service where the IFSC code directs funds to the correct branch instantly.
  • Error Prevention: Accurate use of the IFSC code minimizes the chances of funds being directed to the wrong account or branch, thereby reducing errors.

Benefits of Using IFSC Code

Here are the main benefits of IFSC codes you must know:

  • Increased Security: Using the correct IFSC code ensures the transaction reaches the correct branch of the bank, minimizing errors or misdirected funds.
  • Faster and More Efficient: IFSC codes streamline the fund transfer process, making it faster than traditional methods.
  • Universal Use: Since the IFSC code system is standardized across all banks in India, it can be used for transfers between any banks.

Procedure to Perform State Bank Of India Fund Transfer Using IFSC Code

Fund transfer using an IFSC code is a simple yet vital process:

  • Log in Through Online Banking: Use your mobile banking app or Internet banking portal to log in to your bank.
  • Fund Transfer: Select the option for fund transfer, choosing between NEFT, RTGS, or IMPS.
  • Add Recipient Details: Enter the recipient's name, account number, bank name, and the IFSC code of their branch.
  • Validate Details: Verify the entered details to avoid errors. Incorrect bank and IFSC details can lead to the rejection of your fund transfer request.
  • Confirm Transfer: After confirmation, the money will be transferred. Depending on the mode of transfer, the amount may be transferred within a few seconds or minutes.

How to Open a State Bank Of India Bank Account

Opening a bank account is a simple if you have the necessary documents and meet the eligibility criteria:

Eligibility Criteria

  • Any citizen over 18 years old is eligible to open a bank account.
  • In the case of minors, parents or guardians can open an account on their behalf.
  • Non-residents are also eligible, provided they fulfill certain conditions established by the banks.

Required Documents

  • Proof of Identity: Aadhaar Card, Passport, Voter ID, or any government-issued ID.
  • Proof of Address: Aadhaar Card, Passport, utility bills, or any valid document proving residence.
  • PAN Card: A PAN card is required for tax compliance.
  • Passport Size Photographs: Usually, two to three recent photographs are needed.
  • Form 16: In certain cases where a PAN card is not available, Form 16 may be considered.

Process to Open an Account

  • Visit a Bank: Visit a branch of your chosen bank, or apply online if the bank offers an online application service.
  • Fill Out the Form: Complete the account opening form with your personal information.
  • Submit Documents: Provide documents verifying your identity and address.
  • Initial Deposit: Make an initial deposit if required by the specific type of account.
  • Account Activation: Once your documents are verified, your account will be activated, and you will receive a passbook, checkbook, and debit card.
  • Register for Internet and Mobile Banking: Register for Internet and mobile banking services to facilitate easy transactions.

Loan EMI Calculator: Importance and Types

For anyone taking a loan, an EMI calculator is a vital and useful tool. Based on the loan amount, interest rate, and repayment period, it assists you in calculating the monthly repayment amount. You may better manage your money and make sure the loan doesn't put a burden on your resources by using an EMI calculator. It helps you steer clear of any unpleasant shocks later on by giving you a clear image of your financial commitment.

Loan Calculators

  • Loan Calculator VA: Specifically designed for VA loans, helping veterans calculate their mortgage payments.
  • Loan Calculator Vehicle: Assists in determining monthly payments for vehicle loans.
  • Loan Calculator 30 Year: Calculates monthly payments for a 30-year loan term.
  • Loan Calculator Yearly Payment: Provides an annual breakdown of loan payments.

EMI Calculators

  • EMI Calculator for Home Loan: Helps in calculating the Equated Monthly Installment (EMI) for home loans.
  • EMI Calculator Us: Tailored for users in the US to compute their home loan EMIs.
  • EMI Calculator on Home Loan: Another tool for calculating home loan EMIs, ensuring accurate monthly payment estimates.

Interest Calculators

  • Interest calculator yearly: Calculates the annual interest on loans or investments.

SIP Calculators

  • SIP Calculator India: Designed for Indian investors to calculate returns on Systematic Investment Plans (SIPs).
  • SIP Calculator Return: Estimates the returns on SIP investments.
  • SIP Calculator Mutual Fund: Calculates potential returns from mutual fund SIPs.
  • SIP Calculator Months: Provides monthly breakdowns of SIP investments.
  • SIP Calculator Online: An online tool for calculating SIP returns.
  • SIP Calculator Yearly: Offers yearly projections of SIP returns.

PPF Calculators

  • PPF Calculator India: Calculates returns on Public Provident Fund (PPF) investments in India.
  • PPF Generator: Generates detailed reports on PPF investments.
  • PPF Calculator 15 Years: Estimates returns over a 15-year period.
  • PPF Calculator 30 Years: Projects returns over a 30-year period.

Conclusion

An IFSC code is an essential component of the Indian banking system, ensuring the secure electronic transfer of funds. Whether you're doing a simple NEFT transfer or a high-value RTGS transaction, the IFSC code plays an indispensable role in smooth banking operations. Knowing how to find and use this code is crucial for anyone conducting electronic transactions in India.

Frequently Asked Questions (FAQs)

IFSC stands for Indian Financial System Code. It is an 11-character alphanumeric code used to identify a specific branch of a bank in India. It is required for electronic fund transfers like RTGS and NEFT.

The IFSC code is crucial for ensuring safe and error-free transfers from one bank to another. It helps route transactions through the correct bank branch.

You can find the IFSC code on your cheque book and passbook or on your bank's official website. The Reserve Bank of India also publishes a list of IFSC codes.

Yes, the IFSC code is required to complete electronic fund transfers like NEFT, RTGS, and IMPS. Without the IFSC code, the transfer cannot be completed.

In Internet banking, the IFSC code of the beneficiary's bank and branch ensures safe and accurate transfers.

No, each branch of a bank has a unique IFSC code, making it easier to identify the specific branch for transactions.