State Bank of India — PUNCHAVAYAL

KOTTAYAM, KERALA

IFSC Code

SBIN0070429

MICR Code

686002881

Branch

PUNCHAVAYAL

Bank

State Bank of India

District

KOTTAYAM

State

KERALA

Contact

+914828278203

Address

PBNO7,VALIYAVEETTILBUILDINGS,PUNCHAVAYALPO686513PUNCHAVAYALATSBTCOIN

Get Directions to This Branch

Using IFSC SBIN0070429 for money transfers

NEFT (National Electronic Funds Transfer) lets you send money to any account at State Bank of India's PUNCHAVAYAL branch from any other bank in India. Transfers are processed in half-hourly batches, so funds usually reach the recipient within a couple of hours, and there's no minimum or maximum amount restriction from RBI's side.

For amounts of ₹2 lakh or more sent to an account at State Bank of India, PUNCHAVAYAL, RTGS is usually the better choice over NEFT — each transaction settles on its own in real time instead of waiting in a batch.

IMPS (Immediate Payment Service) is the fastest of the three — funds move to PUNCHAVAYAL within seconds, any time of day including bank holidays. It's typically capped at ₹5 lakh per transaction depending on your bank's own limits.

NEFT & RTGS Timing — System Hours vs. Branch Hours

A distinction that matters if you're transferring to PUNCHAVAYAL: the RBI settlement system runs 24x7 for NEFT and RTGS, but that doesn't mean this specific branch is open around the clock. Online transfers process any time; in-person or cash-based requests still depend on the branch actually being open.

MethodSystem HoursIf Visiting PUNCHAVAYAL In Person
NEFT24x7x365, including weekends and holidays (RBI mandate since 16 Dec 2019)Online/net-banking NEFT processes any time. An in-branch, cash, or cheque-based NEFT request still depends on that branch's working hours.
RTGS24x7x365, including weekends and holidays (RBI mandate since 14 Dec 2020)Minimum transfer amount is ₹2 lakh. Same system-vs-branch-hours distinction as NEFT applies for in-person requests.
IMPS24x7x365 — always has been, no banking-hours restriction at the system level.Typically capped per transaction depending on your bank's own limits (often around ₹5 lakh).

Follow these steps to transfer money into an account held at PUNCHAVAYAL:

  1. Log in to your bank's net banking portal or mobile banking app.
  2. Add a new beneficiary/payee, entering the recipient's full name and account number.
  3. Enter the IFSC code SBIN0070429 when prompted — this routes the transfer to PUNCHAVAYAL specifically.
  4. Most banks require a short cooling-off period (often a few hours) after adding a new beneficiary before the first transfer.
  5. Once the beneficiary is active, choose NEFT, RTGS, or IMPS based on the amount and how quickly you need it to arrive.
  6. Enter the amount, review the details (name, account number, IFSC), and confirm with your OTP/PIN.

Frequently asked questions

What is the IFSC code of the State Bank of India PUNCHAVAYAL branch?

The IFSC code for State Bank of India's PUNCHAVAYAL branch in KOTTAYAM, KERALA is SBIN0070429. This 11-character code is required for NEFT, RTGS, and IMPS transfers to any account held at this branch.

What is the MICR code of this branch?

The MICR code for this branch is 686002881. MICR codes are used for cheque clearing, while the IFSC code (SBIN0070429) is what's needed for electronic transfers like NEFT and RTGS.

Where is the PUNCHAVAYAL branch of State Bank of India located?

This branch is located at: PBNO7,VALIYAVEETTILBUILDINGS,PUNCHAVAYALPO686513PUNCHAVAYALATSBTCOIN. It falls under KOTTAYAM district, KERALA.

Can I use this IFSC code for both NEFT and RTGS transfers?

Yes — the same IFSC code (SBIN0070429) is used for NEFT, RTGS, and IMPS transfers to this branch. Which one you should pick depends on the amount and urgency, not the code itself: RTGS for ₹2 lakh+ needing near-instant settlement, NEFT for regular batch-processed transfers, and IMPS for smaller amounts that need to land in seconds.

Is there a phone number for this branch?

Yes, this branch's listed contact number is +914828278203.

Other State Bank of India branches in KOTTAYAM

AMMANCHERRYANTHINADARUMANOORATHIRAMPUZHAAYMANAMBHARANANGANAMCAC ALAPPUZHA TOWNCAC KOTTAYAM

State Bank of India in other districts of KERALA

THIRUVANANTHAPURAM (111)ERNAKULAM (70)CALICUT (52)THRISSUR (52)KOLLAM (47)PALAKKAD (44)KOCHI (37)PATHANAMTHITTA (29)

IFSC and MICR code data sourced from bank-published branch records. While we take care to keep this current, always confirm the IFSC code with your bank before making a large transfer — see our disclaimer for details.