Shinhan Bank Mumbai Branch IFSC Code
Shinhan Bank
IFSC · Used for NEFT, IMPS & RTGS
MICR · Used for Cheque Clearance
Branch
Mumbai Branch
Address
Unit No 001, Ground Floor, Peninsula Tower 1, Peninsula Corporate Park, G K Marg, Lower Parel, Mumbai 400 013
View on Google MapsDistrict
Mumbai
State
Maharashtra
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Other Shinhan Bank Branches in Mumbai
2 nearby branches — click to view IFSC
Shinhan Bank Imps (peninsula Corporate Park 701 - 0001)
Peninsula Corporate Park, 701,702, Tower 1, Ganpatrao Kadam Marg, Lower Parel, Mumbai 400013
Mumbai Branch (peninsula Corporate Park 701 - 0002)
Peninsula Corporate Park, 701,702, Tower 1, Ganpatrao Kadam Marg, Lower Parel, Mumbai 400013
Frequently Asked Questions
About Shinhan Bank Mumbai Branch (peninsula Corporate Park G K - 0003), Mumbai
The IFSC code SHBK0000003 (lowercase: shbk0000003) belongs to Shinhan Bank, specifically the Mumbai Branch (peninsula Corporate Park G K - 0003) branch located in Mumbai, Maharashtra.
The 5th character in the IFSC code SHBK0000003 is a zero (0), not the letter 'O'. The correct format is SHBK0000003 (lowercase: shbk0000003), and not SHBKO000003. According to RBI guidelines, the fifth character of all IFSC codes is reserved as a zero.
The IFSC code of Shinhan Bank Mumbai Branch (peninsula Corporate Park G K - 0003) in Mumbai, Maharashtra is SHBK0000003. This 11-character code is required for all NEFT, RTGS and IMPS electronic fund transfers to this branch.
Shinhan Bank Mumbai Branch (peninsula Corporate Park G K - 0003) is located at Unit No 001, Ground Floor, Peninsula Tower 1, Peninsula Corporate Park, G K Marg, Lower Parel, Mumbai 400 013, Mumbai, Maharashtra. You can click the "View on Google Maps" button on this page to get directions.
The MICR (Magnetic Ink Character Recognition) code of Shinhan Bank Mumbai Branch (peninsula Corporate Park G K - 0003) is 400659002. MICR codes are used for cheque processing and are printed at the bottom of cheque leaves in magnetic ink.
Yes. IFSC code SHBK0000003 is valid for all three RBI-regulated transfer modes: NEFT (settled in 30-minute batches, no minimum), RTGS (real-time, minimum ₹2 lakh), and IMPS (instant, up to ₹5 lakh). All modes are available 24×7×365 as per RBI guidelines issued in December 2019.
You can verify IFSC code SHBK0000003 by checking: (1) The top-left corner of any Shinhan Bank Mumbai Branch (peninsula Corporate Park G K - 0003) cheque leaf, (2) The first page of your Shinhan Bank passbook, (3) Your net banking or mobile banking app under "Branch Details", or (4) The RBI's official IFSC lookup at rbi.org.in.
Understanding IFSC Code: SHBK0000003
Decoded structure — 4 + 1 + 6 characters
Visual Breakdown
Swipe to see all
SHBK0000003
What Each Part Means
- Bank Code — SHBK
- The first 4 characters uniquely identify Shinhan Bank at the national level. Every branch of Shinhan Bank across all states shares this same prefix. It is assigned by the RBI and never changes.
- Reserved — 0
- The 5th character is always 0 (zero), reserved by the RBI for future use. It acts as a separator between the bank identifier and the branch-specific code and is mandatory in all electronic fund transfer systems.
- Branch Code — 000003
- The final 6 characters 000003 uniquely identify this specific branch within the Shinhan Bank network. No two branches share the same branch code. Use this code to verify you have the correct branch before initiating any NEFT, RTGS, or IMPS transfer.
| Segment | Chars | Value | Purpose |
|---|---|---|---|
| Bank Code | 1–4 | SHBK | Identifies Shinhan Bank |
| Reserved | 5 | 0 | RBI reserved (always 0) |
| Branch Code | 6–11 | 000003 | Unique to this branch |
Where to Find IFSC & MICR on Your Cheque
Interactive cheque leaf mockup — highlighted fields show live values from this branch
Swipe left to view full cheque
Shinhan Bank
Mumbai Branch (peninsula Corporate Park G K - 0003), Mumbai, Maharashtra
Cheque No.
00000003
A/c No.
Authorised Signatory
IFSC vs MICR — Functional Comparison
Two different codes, two different banking systems
| Feature | IFSC Code | MICR Code |
|---|---|---|
| Full Form | Indian Financial System Code | Magnetic Ink Character Recognition |
| Length & Format | 11 characters — alphanumeric | 9 digits — numeric only |
| This Branch | SHBK0000003 | 400659002 |
| Primary Use | Electronic fund transfers: NEFT, RTGS, IMPS, UPI | Physical cheque clearing at clearing houses |
| Medium | Digital / online — no physical document needed | Printed in magnetic ink on cheque leaf bottom band |
| Processing Speed | Real-time (IMPS/UPI) or 30-min batches (NEFT) | T+1 or T+2 clearing cycle via RBI clearing houses |
| Where to Find It | Cheque leaf (top area), passbook first page, net banking | Bottom band of cheque leaf (the printed magnetic strip) |
| Assigned By | RBI — permanent unless branch is relocated/merged | RBI — encodes city (3) + bank (3) + branch (3) digits |
| Required For | Adding a payee / beneficiary for online transfer | Cheque book issuance and clearing house processing |
Source: Reserve Bank of India (RBI) Payment Systems Guidelines. IFSC mandatory for NEFT/RTGS/IMPS since 2010; MICR used by CTS-2010 standard cheque clearing.