Old State Bank of India Shares: What They Are Worth and How to Recover Them
Certificates may carry the name: State Bank of Bikaner & Jaipur, State Bank of Mysore, State Bank of Travancore (merged into SBI in 2017)
Reviewed 22 September 2026
In short
If you hold certificates of State Bank of Bikaner & Jaipur, State Bank of Mysore or State Bank of Travancore, they became SBI shares in the 2017 merger of the associate banks. The published swap ratios were 28 SBI shares of ₹1 for every 10 SBBJ shares of ₹10, and 22 SBI shares for every 10 shares of State Bank of Mysore or State Bank of Travancore.
Corporate actions that changed the holding
- 2017Associate banks merged into SBIState Bank of Bikaner & Jaipur: 28 SBI shares of ₹1 for every 10 shares of ₹10. State Bank of Mysore and State Bank of Travancore: 22 SBI shares for every 10 held.
- 2017State Bank of Patiala and State Bank of HyderabadBoth were unlisted and were merged line by line, SBI already holding almost all of their capital.
Worked example. At the published ratio, 100 State Bank of Bikaner & Jaipur shares became 280 SBI shares; 100 State Bank of Mysore shares became 220.
SBI’s own earlier corporate actions, including its share sub-division, are not listed here because we have not verified the dates. Confirm the current registrar and the entitlement on your folio before sending any original documents.
Who to write to
Check the company’s current registrar before you write
- Where to look
- The investor or shareholder section of the company’s website, and the general shareholder information section of its latest annual report
- Why it matters
- Registrars merge and change hands — TSR Consultants became Link Intime, which became MUFG Intime — so an address on old correspondence is often out of date
We have not verified this company’s current registrar against a company or registrar source, so we are not naming one here.
Registrars change. Confirm the current one on the company’s investor page before posting anything, and see how to find a company’s registrar.
How the shares are recovered
- The shares are in your name and you have the certificates
Update KYC on the folio if needed, then dematerialise them so they can be sold.
- The shareholder has died
The nominee, surviving joint holder or legal heirs claim through transmission.
- You bought the shares on paper before April 2019
SEBI's special window, open until 4 February 2027, lets you complete the transfer.
- The certificates are lost or damaged
The registered holder or heirs apply for duplicates, credited to demat.
- The shares or dividends were transferred to IEPF
Claim them back from the IEPF Authority with Form IEPF-5.
- The certificate is in an old or merged company name
The holding may now sit with a renamed or successor company.
Questions we are asked about State Bank of India shares
I have State Bank of Travancore certificates. Are they still worth anything?
Yes. SBT merged into SBI in 2017 and shareholders received 22 SBI shares for every 10 SBT shares held. The entitlement can be claimed through SBI’s registrar.
Who is SBI’s registrar?
We have not verified SBI’s current registrar against a company source, so we are not naming one. It is listed on SBI’s investor relations pages and in its annual report.
The shares were never claimed after the merger. What now?
Unclaimed entitlements may sit with the company, in a suspense account, or have been transferred to the IEPF after seven years of unclaimed dividends. We check all three before advising a route.
Sources
Free valuation of old shares
Send us the company name and folio number from the certificate. We work out what the holding is worth today, after bonuses, splits and mergers.