I want to get the details of Structured Financial Messaging System (SFMS) of State bank of India SBI?

Structured Financial Messaging System (SFMS) is a secure messaging standard developed to serve as a platform for intra-bank and inter-bank applications.

It is an Indian standard similar to SWIFT (Society for World-wide Interbank Financial Telecommunications)

SFMS can be used for secure communication within the bank and between banks.

The intra-bank part of SFMS is used by banks to take full advantage of the secure messaging facility it provides.

The following is a list of the message types developed and implemented in the SFMS application:

Message series Description of Series

IFN 1XX Customer payments & cheques

IFN 2XX Financial Institution Transfers

IFN 3XX Treasury Markets - Foreign Exchange, Money Markets and Derivatives

IFN 4XX Collections and Cash Letters

IFN 5XX Securities Markets

IFN 6XX Precious Metals and Syndications

IFN 7XX Documentary Credits and Guarantees

IFN 8XX Travelers Cheques

IFN 9XX Cash Management and Customer Status

IFN 298GXX Government Account Transactions

IFN 298NXX NEFT messages

IFN 298RXX RTGS Messages

IFN 298MXX Miscellaneous series

IFN 298CXX Currency Chest Transfer

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