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State Bank of India · Budgam

SBI Magam Budgam IFSC code

IFSC code
✔ In RBI list v2.0.62
SBIN0015981
MICR code
191City
002Bank
002Branch
IFSC code
SBIN0015981
MICR code
191002002
Bank
State Bank of India
Branch
Magam Budgam
Address
HYDERIYA SHOPPING COMPLEX, GULMARG ROAD, MAGAM, DISTT. BUDGAM. JAMMU AND KASHMIR 193401
City
Budgam
District
Magam
State
Jammu and Kashmir
Bank code
SBIN
Branch code
015981
Payment systems
NEFT, RTGS, IMPS, UPI
Quick summary✔ RBI data Last synced · release v2.0.62

The IFSC code of State Bank of India, Magam Budgam branch (Budgam, Jammu and Kashmir) is SBIN0015981. Its MICR code is 191002002. 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 015981 — identifies Magam Budgam
  • MICR 191002002 — city 191, bank 002, branch 002
  • 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 Budgam

BranchIFSCMICR
Nowgam
J.D COMPLEX, NOWGAM CHOWK, BYEPASS, DISTT.BUDGAM. JAMMU AND KASHMIR 190015		SBIN0015982191002003
Beerwah
ZARGAR MOHALLA, BEERWAH, DIST BUDGAM, JAMMU KASHMIR- 193411		SBIN0018694191002005
R and Db Racc Budgam
STATE BANK OF INDIA, BUDGAM , NEAR IMAM BADA BUDGAM PIN 191111		SBIN0063471191002008

Frequently asked questions

What is the IFSC code of SBI Magam Budgam?

SBIN0015981. It identifies the Magam Budgam branch of State Bank of India in Budgam, Jammu and Kashmir.

What is the MICR code of SBI Magam Budgam?

191002002. It is printed at the bottom of cheques issued by this branch.

Where is SBI Magam Budgam branch?

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

Does SBIN0015981 support NEFT, RTGS and IMPS?

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

What do the parts of SBIN0015981 mean?

SBIN is the bank code of State Bank of India, the 5th character "0" is reserved by the RBI, and 015981 is the branch code of Magam Budgam.

How many SBI branches are in Budgam?

4. Each has its own IFSC code.

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