An SBI IFSC Code is a code which refers to Indian Financial System code. It is an eleven character code assigned by the Reserve Bank Of India (RBI) to identify SBI banks, accounts and more related to SBI uniquely. However, here we have mentioned SBI only. An SBI IFSC Code is usually used by the public and State Bank Of India users for electronic money transfer, payment and for more NEFT, RTGS and CFMS etc.