What is BSR Code?

BSR code stands for Basic Statistical Return Code. It's an seven digits unique code povided by RBI (Reserve Bank of India) to all the registred Indian financial institution or bank.

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BSR Code Details of STATE BANK OF INDORE , BORLAI BRANCH Branch
Bank Name STATE BANK OF INDORE
Branch Name BORLAI BRANCH
BSR Code 0160223

(BSR Codes are used mainly when filing Tax Deduction at Source (TDS) and Tax Collected at Source (TCS) returns.)

State Name MADHYA PRADESH
District Name BARWANI
City Name BORLAI
Bank Address
PIN Code 451551
Phone No N/A (Udated Soon)
Fax N/A (Updated Soon)
Email N/A (Updated Soon)
SWIFT Code
Website
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About State Bank Of Indore , Borlai Branch Branch

General Information :

The State Bank Of Indore , Borlai Branch Branch is Located in Madhya Pradesh State, Barwani District, Borlai City in India. Address is: , Pin Code - 451551.
The BSR Code of State Bank Of Indore , Borlai Branch Branch is: 0160223

Bank Operating Hours :

Timing Of Transactions:

NEFT Timeing - As per RBI guidelines, National Electronic Funds Transfer (NEFT) is available 24x7 with effect from Dec 16, 2019. National Electronic Fund Transfer is done in batches every half hour. There are twenty-three batches in total operating between the hours.
RTGS Timing - Monday-Satureday - 7:00 AM to 6.00 PM & Inter-bank transactions can be performed from 7 A.M to 7:45 P.M Except 2nd & 4th Saturday, Sundays and Holidays. (latest update on 26 August 2019)

Breakdown of State Bank Of Indore , Borlai Branch Branch BSR Code

0

1

6

0

2

2

3

Bank Code

Branch Code

The first three digits (016) is bank code & representing the State Bank Of Indore .

Last four digits is (0223) - It's an unique identifier no for the particular branch & here it's representing State Bank Of Indore , Borlai Branch Branch.

FAQ

The BSR Code of State Bank Of Indore , Borlai Branch Branch is: 0160223

The State Bank Of Indore Borlai Branch branch is located in Madhya Pradesh state, Barwani district , Borlai city. The Full Address is: , Pin Code - 451551

The Contact Information of State Bank Of Indore , Branch is -
Phone No - N/A (Updated Soon)
Email - N/A (Updated Soon)
Fax - N/A (Updated Soon)

The Official Website of State Bank Of Indore is -

General Information About Bank BSR Code


What is BSR Code?

The RBI provides all registered Indian banks with a seven-digit unique code known as the Basic Statistical Return (BSR) Code. The first three digits identify the bank, while the next four digits identify the bank branch.


Formation of the BSR Code

The formation of BSR code is as follows:

  • The first three digits identify the bank and
  • The next four digits identify the bank branch.

Example: Breakdown of the BSR Code

1

2

3

4

5

6

7

Bank Code

Branch Code


Applications of BSR Code

The BSR Code has the following applications:

  • The BSR code is primarily used for Tax TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) returns.
  • BSR codes assist banks in keeping a clear record of online tax payments, which are all made available to the Income Tax Department by the banks.
  • BSR codes are typically found on the following documents: TDS certificates, OLTAS challan and deduct details, and the Challan Identification Number (CIN), which is unique to each challan.

How are BSR Codes classified?

BSR Codes are classified as follows:

BSR1:Return on Advances from all branches on the last Friday of June and December. It’s divided into two parts – Part I which deals with accounts with limits more than Rs. 10,000 and Part II which deals with accounts limits of Rs.10,000 and less.
BSR2:Return Deposits from all branches on the last Friday of June and December.
BSR3:Return Advances against the Security of Selected Sensitive Commodities from Head Offices on last Friday of each month.
BSR4:Return on Ownership of Bank Deposits (once in two years) from all branches (replacing present annual survey from head offices) on the last Friday of March.
BSR5:Return on Bank Investments (annual) from Head Office (on the lines of Survey of Bank Investments) on the last day of March.
BSR6:Survey on Debits to Deposits Accounts (Quinquennial) from April to March of the year.
BSR7:Survey on Aggregate Deposits and Gross Bank Credit (Quarterly) by head offices of the bank as on last Friday of June, September and December, and as on March 31.

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