Select Branch for State Bank Of India in Guntur, Andhra Pradesh

Choose a branch to view IFSC code and details

Branch
A P H B Colony Guntur

SBIN0021263

ANRDBEHNDHOUSNGBOARDARCHCOLONYGUNTUR
Branch
A.p. Secretariat, Velagapudi

SBIN0018884

AP SECRETARIAT BUILDINGS, BLOCK NO.3, VELAGAPUDI, TULLURU MANDAL, DISTT.GUNTUR. ANDHRA PRADESH-522503.
Branch
Abburu

SBIN0021509

DNO268 MAIN ROADABBURU SATTENAPALLI MANDALGUNTUR DISTRICT ANDHRA PRADESH
Branch
Admn Office, Guntur

SBIN0015312

D.NO.26 1 52, KANNAVARI THOTA, GUNTUR, ANDHRA PRADESH 522004
Branch
Amcc- Guntur

SBIN0065172

4TH FLOOR,RAMS PREMIA,17/1 ARUNDELPET,GUNTUR 522002
Branch
Amruthalur

SBIN0014367

D.NO.6 BY 334,PANCHALAVARAM ROAD,AMRUTHALUR POST AND MANDALM,DISTGUNTUR522325
Branch
Angalakudurukopalle

SBIN0021793

9AND90DIMMALABAZAARANGALAKUDURUKOPALLE
Branch
Anjaiah Road

SBIN0016430

ANJAIAH ROAD,ONGOLE, D.NO. 20 6 42, SWATHI BUILDING,ANJAIAH ROAD, ONGOLE, DIST GUNTUR, ANDHRA PRADESH 523002
Branch
Arumbaka

SBIN0006517

DIST GUNTURSTATE ANDHRA PRADESHPIN 522309
Branch
Arundelpet

SBIN0001014

4 BY 5 ARUNDELPET, GUNTUR, AP, 522002
Branch
Atchampeta

SBIN0002692

DIST GUNTUR, A P 522409
Branch
Athota

SBIN0011995

DIST GUNTURSTATE ANDHRA PRADESH
Branch
Atmakur

SBIN0018828

SIDE OF VINAYAKA TEMPLE, GANAPATHI NAGAR, ATMAKUR, DIST.GUNTUR, ANDHRA PRADESH-522503
Branch
AutoNagar Guntur

SBIN0021231

LTN316AFIRSTFLRHASE12INDIRAAUTNAGARGUNTUR
Branch
Bapatla

SBIN0000815

BAPATLA, GUNTUR, ANDHRA PRADESH
Branch
Bapatla

SBIN0021155

ADNO27GBCOADBAPATLAGUNTUDIST
Branch
Bapatla Engineering College

SBIN0010357

BAPATLA ENGINEERING COLLEGE, MAHATMA PURAM, DISTT. GUNTUR, ANDHRA PRADESH
Branch
Bellamkonda

SBIN0005730

SATTENAPALLE,
Branch
Bhattiprolu

SBIN0002697

GUNTUR, ANDHRA PRADESH 522256
Branch
Boyapalem

SBIN0021286

N4238BYAPALEMELAPAUMANALGUNTURIST
Branch
Brodipet

SBIN0011095

DOOR NO 5 37 81 4 BY 11, BRODIPET, GUNTUR 522 002
Branch
Burripalem

SBIN0021211

N182BURRIPALEMVILLAGETENALIMANALBURRIPALEMGUNTURIST
Branch
Cash Administration Cell, Guntur

SBIN0013136

2/14, BRODIPET, GUNTUR522002
Branch
Chandole

SBIN0002700

GUNTUR, A P 522311
Branch
Chavali

SBIN0020441

EUUTQGUNTUDIST
Branch
Chebrole

SBIN0002701

DIST GUNTUR, A P 522212
Branch
Chilakaluripet

SBIN0020507

AABAPANAIAHSREECHILAKALURIPEGUNURD
Branch
Chilkaluripeta

SBIN0001195

CHILAKALURIPET, GUNTUR
Branch
Chinaravur

SBIN0014823

SATYANARANA PARK,NEHRU ROAD,CHINAVURU,TENALI MANDAL,GUNTUR DISTRICT,ANDHRA PRADESH 522201
Branch
Chowdavaram

SBIN0018793

CHILAKALURUPET ROAD, CHOWDAVARAM, GUNTUR RURAL, DISTT.GUNTUR. ANDHRA PRADESH-522019
Branch
Chuttugunta Centre (guntur)

SBIN0012681

SRI SAIVILLA APARTMENTS,CHUTTUGUNTA CENTRE,LALPURAM ROAD,GUNTUR
Branch
Dachepalli

SBIN0002706

GUNTUR, ANDHRA PRADESH 522414
Branch
Dharanikota

SBIN0005644

DIST GUNTUR, A P 522026
Branch
Dhulipudi

SBIN0005643

DIST GUNTUR, AP 522258
Branch
Duggirala

SBIN0002712

GUNTUR, ANDHRA PRADESH 522330
Branch
Durgi

SBIN0005641

DIST GUNTUR, AP 522612
Branch
Edlapadu

SBIN0003726

MAIN ROAD, DT GUNTUR, A P 522233
Branch
Ganapavaram

SBIN0004825

DIST GUNTUR, A P 522619
Branch
Ganganammapet,tenali

SBIN0018931

ANJANEYA PANTHULU STREET, GANGANAMMAPET,TENALI, DISTT.GUNTUR. ANDHRA PRADESH-522201.
Branch
Ghantasala

SBIN0011993

DOOR NO 318,GHANTASALA,KRISHNA DISTRICT521133
Branch
Gorantla

SBIN0021998

2EAAAAA
Branch
Gudavalli

SBIN0007164

DIST GUNTUR, AP 522259
Branch
Gujjanagundla Guntur

SBIN0021210

N124RINGRAGUJJANAGUNLAGUNTUR
Branch
Gummanampadu

SBIN0020613

ERRUMHLTHETRERSROPETRODVIUKODGUTURDIST
Branch
Guntur

SBIN0000844

KANNAVARI THOTA, GUNTUR, ANDHRA PRADESH - 522 004
Branch
Guntur

SBIN0040301

5 BY 1 ARUNDALPET IV LANE,AP
Branch
Guntur A T Agraharam

SBIN0020715

OTBAGNO313263120ATAGRAHARAM5THLANEGUNTUR
Branch
Guntur Arundelpet

SBIN0020171

SLRSAMAABUILDINGNEARPLICESAINARUNDELPEMAINRADGUNUR
Branch
Guntur Bazar

SBIN0001457

GUNTUR, ANDHRA PRADESH, PIN-522003
Branch
Guntur Chandramouli Nagar

SBIN0020541

FBACD58750MAADCADAMLAA
Branch
Guntur Tobacco Board

SBIN0020764

TTNFHYDRDTCCRDDMNLDGGTRDGUNTUR4
Branch
Gurazala

SBIN0001022

MACHERLA ROAD, GURAZALA, DISTT. GUNTUR, ANDHRA PRADESH 522415
Branch
Gurazala

SBIN0021598

DNO 15 198 MAIN ROAD KARAMPUDI ROAD GURAZALAGUNTUR DISTRICT ANDHRA PRADESH
Branch
Ibrahimpatnam

SBIN0013150

PLOT NO.4,IBRAHIMPATNAM,HYDERABAD,RR DIST.501506
Branch
Ichoda

SBIN0012966

NO.5 BY 671 BHAGYA NAGAR,ICHODA,ADILABAD DISTRICT504307
Branch
Industrial EState, Guntur

SBIN0006830

AMARAVATHI ROAD, GUNTUR, AP, 522007 ,PIN - 522007
Branch
Inner Ring Road

SBIN0065131

D.NO.107,MAHATMA GANDHI INNER INNER RING ROAD,PHASE-01 GUNTUR-522037
Branch
Isukapalle Adb

SBIN0005868

DIST GUNTUR, ANDHRA PRADESH 522265
Branch
IthaNagar, Tenali

SBIN0006558

D.NO.4-54-90, NEHRU ROAD P B.NO.29, TENALI GUNTUR, AP ,PIN - 522201
Branch
Jkc College Road,guntur

SBIN0061492

68/1, LUCKY COMPLEX, NEAR MOURYA FUNCTION HALL, JKC COLLEGE ROAD, GUNTUR.-522007
Branch
Jmg College, Tenali

SBIN0003253

JMJ COLLEGE CHENCHUPETA,TENALI DISTGUNTUR
Branch
Jonnalagadda

SBIN0001924

DIST GUNTUR, ANDHRA PRADESH
Branch
K L University Vaddeswaram

SBIN0021361

LNTAWAAMLLAGTAPALLMANALGNTT
Branch
Kakumanu

SBIN0003120

DIST GUNTUR, A P 522112
Branch
Karempudi Adb

SBIN0002741

GUNTUR, ANDHRA PRADESH 522614
Branch
Karlapalem

SBIN0014365

D. NO. 4368 KARLAPALEM POST KARLAPALEM MANDAL DISTT.GUNTUR. ANDHRA PRADESH522111
Branch
Karumanchi

SBIN0006855

GUNTUR, A P 522648
Branch
Kaza

SBIN0017357

D.NO.1 31,RATCHABANDA,NAMBUR ROAD,KAZA,MANGALAGIRI MANDAL,DISTT.GUNTUR.ANDHRA PRADESH 522503
Branch
Khajipalem Adb

SBIN0005873

GUNTURSTATE ANDHRA PRADESHPIN 522311
Branch
Kollipara

SBIN0014366

D.NO.6 BY 78,MAIN ROAD,KOLLIPARA POST AND MANDALM,DISTGUNTUR522304
Branch
Kollur

SBIN0002745

DIST GUNTUR, A P 522324
Branch
Korrapadu

SBIN0021525

WATER TANK BAZARKORRAPADU V MEDUKONDURU MANDALGUNTUR DISTRICT ANDHRA PRADESH
Branch
Kothapet

SBIN0020346

SCOMPLEXKOTHAPETGUNTURIST
Branch
Kothapeta Guntur

SBIN0005151

D NO. 12-21-58, GOWRISHANKAR THEATRE ROAD, KOTHAPETA, GUNTUR 522 001
Branch
Krosuru

SBIN0003427

DIST GUNTUR, A P 522410
Branch
Macherla

SBIN0001010

NEAR RAMA TALKIES, DISTT. GUNTUR, ANDHRA PRADESH 522426
Branch
Macherla

SBIN0021410

O122563SRISAILAMRMACHERLAMACHERLAISTGUTI
Branch
Mamillapalli

SBIN0008814

DIST GUNTUR, A P 534134
Branch
Mandadam

SBIN0003175

DIST GUNTUR ANDHRA PRADESH 522505
Branch
Mangalagiri

SBIN0001011

DIST GUNTUR, ANDHRA PRADESH 522503
Branch
Mangalagiri

SBIN0021130

N82671CVRCMPLEXBHARGAVPETANEARFLWERMKTMANGALAGIRIGUNTURIST
Branch
Mangalagiri Bazar

SBIN0013278

D.NO.1363,BHAGAVATHULAVARI STREET,MANGALAGIRI 522203,GUNTUR DIST,A P
Branch
Mangaldas Nagar

SBIN0016431

D.NO.8 20 34/A, SITARAMA NAGAR, 4TH LANE, MANGALDAS NAGAR, GUNTUR. DISTT.GUNTUR. ANDHRA PRADESH 522001
Branch
Medikondur

SBIN0020440

EIOUUUUIS
Branch
Morrispet Adb

SBIN0001965

ADB TENALI DISTGUNTUR,522202
Branch
Mothadaka

SBIN0001915

DIST GUNTUR, A P 522016
Branch
Muppalla

SBIN0001453

GUNTUR, ANDHRA PRADESH 522408
Branch
N U Campus

SBIN0004793

NAGARJUNA NAGAR, DISTT GUNTUR, ST A P,PH 0863 BY 2293352
Branch
Naaz Centre

SBIN0015623

D.NO.1 1 107, P R RAJU PLAZA, RAJAGARITHOTA, GUNTUR,ANDHRA PRADESH 522001
Branch
Nadikudi

SBIN0001923

DIST GUNTUR STATE ANDHRA PRADESH PIN 522414
Branch
Nallapadu

SBIN0016230

D,NO.2/09, NALLAPADU, GUNTUR, DISTT.GUNTUR ANDHRA PRADESH522005
Branch
Namburu

SBIN0011994

BODDURAYI CENTRE,MAIN ROAD,NAMBURU,GUNTUR DISTRICTANDHRA PRADESH 522508
Branch
Nandivelugu

SBIN0021794

4ANROADNEARBRDGENANDIVELUGU
Branch
Narakoduru

SBIN0018923

OPPOSITE ROAD TO SIVALAYAM TEMPLE,NARAKODURU,CHEBROLE MANDAL,DISTT GUNTUR A.P 522212
Branch
Narasaraopet

SBIN0000884

NARASARAOPET, GUNTUR, A.P
Branch
Narasaraopet Adb

SBIN0001952

PRAKASH NAGAR NARASARAOPET GUNTUR ANDHRA PRADESH 522601
Branch
Narasaraopeta Bazar

SBIN0015070

D.NO. 2 2 12, MANIKULA BAAVI BAZAR, OPP BSNL OFFICE, NARASARAOPETA, GUNTUR DT 522601
Branch
NehruNagar

SBIN0021178

N72080421STLANEARCHICENTRESARAACLNYNEHRUNAGARGUNTUR
Branch
NehruNagar (guntur)

SBIN0012680

8 11 125A,D.NO.213 BY D,OPP. AVULA SANGHAM,MAINROAD,NEHRU NAGAR,DISTGUNTUR 522001
Branch
Nekarikallu

SBIN0003727

GUNTUR A P 522615
Branch
Nizampatnam

SBIN0003430

DIST GUNTUR, A P 522314
Branch
Nutakki

SBIN0014965

NEAR D NO 5-30, MAIN ROAD, NUTAKKI POST & MANDALAM GUNTUR DISTRICT, ANDHRA PRADESH
Branch
Old Guntur

SBIN0011092

DOOR NO 16 19 151 MAIN ROAD, OLD GUNTUR GUNTUR 522 001
Branch
Old Guntur

SBIN0021232

N3NNVLGRLGNTR
Branch
PattabhiPuram

SBIN0010279

D NO 3 1 195, PATTABHIPURAM MAIN ROAD , GUNTUR , DIST GUNTUR, AP, INDIA , 522006
Branch
Pbb Brindavan Gardens

SBIN0004104

OPPOSITE UCO BANK, GUNTUR, ANDHRA PRADESH - 522006
Branch
Pedakakani

SBIN0014170

6157,MAIN ROAD,PEDAKAKANI,GUNTUR DISTRICT,ANDHRA PRADESH 522509
Branch
Pedakurapadu

SBIN0001454

DIST GUNTUR, A P 522402
Branch
Pedanandipadu

SBIN0013277

D NO 4 118,LAKSHMIPURAM,NAGUALAPADU ROAD,PEDANANDIPADU,GUNTUR DISTRICT,ANDHRA PRADESH 522235
Branch
Perecharla

SBIN0001345

DIST GUNTUR, ANDHRA PRADESH 522005
Branch
Personal & Services Branch, Narasarao Pet

SBIN0007827

RAMIREDDYPET, DISTT. GUNTUR, ANDHRA PRADESH 522601
Branch
PhirangiPuram

SBIN0021345

ERSLODCETREMIRODPHIRGIPURMGUTURDIST
Branch
Piduguralla

SBIN0002783

JANAPADU ROAD, DISTT. GUNTUR, ANDHRA PRADESH 522 413
Branch
Piduguralla Bazar

SBIN0015071

D.NO.7/319, GUNTUR MACHERLA ROAD, OPP. GANGAMMA TEMPLE,PIDUGURALLA, GUNTUR DISTRICT, ANDHRA PRADESH 522413
Branch
Ponnekallu

SBIN0005645

DIST GUNTUR, A P 522018
Branch
Ponnur

SBIN0001460

PUNNUR, PIN - 522124
Branch
Ponnur

SBIN0020792

RTOIGCOLEXIRODGUTURDIT
Branch
Poondla

SBIN0011091

ANDRAPRADESHSTATE
Branch
Pothur

SBIN0022101

R7GOGISETTIVEERAMOANRAOPTHURVILLAGE
Branch
Prathipadu

SBIN0007084

DIST GUNTUR, A P 522019
Branch
R And Db Racc Mangalagiri

SBIN0062692

GRAND TRUNK ROAD, MANAGALAGIRI GUNTUR DISTRICT ANDHRA PRADESH 522601
Branch
R And Db Racc Narasaraopet

SBIN0062694

OLD POLICE STATION RD, NEAR OVER BRIDGENARASARAOPET, GUNTUR DISTRICT ANDHRA PRADESH 522601
Branch
R And Db Racc Tenali

SBIN0062693

PB NO.17 KOTHPETATENALI GUNTUR DISTRICT ANDHRA PRADESH 522601
Branch
Racpc Mangalagiri

SBIN0064127

1ST FLOOR,SBI SOWMYA BHAVAN,CA5,CFC AREA,AUTONAGAR,MANGALAGIRI,GUNTUR DISTRICT,ANDHRA PRADESH-522503
Branch
Rasmecc Sarc,guntur

SBIN0005256

DIST GUNTURSTATE ANDHRA PRADESH
Branch
Rasmeccc Guntur

SBIN0021596

O58792IIFLOORLAXMIPURAMMAINRDGUTURISTGUTUR
Branch
Ravella

SBIN0015359

D.NO. 2 103, NEAR GANDHI CHOWK, RAVELLA, TADIKONDA MANDAL, GUNTUR DT. ANDHRA PRADESH 522018
Branch
Ravipadu

SBIN0064253

STATE BANK OF INDIA,D.NO.16-122NEAR HP PETROL BUNK,MAIN ROAD,GUNTUR DISTRICT,ANDHRA PRADESH-522603
Branch
Rentachintala

SBIN0018902

MAIN ROAD , RENTACHINTALA, DISTT.GUNTUR. ANDHRA PRADESH-522421
Branch
Repalle

SBIN0000911

DIST GUNTUR, ANDHRA PRADESH 522265
Branch
Repalle Bazaar

SBIN0014364

OPP RAJIV GANDHI STATUE,RING ROAD CENTRE,REPALLE,GUNTUR DISTRICT,ANDHRA PRADESH 522265
Branch
Repudi

SBIN0008294

DIST GUNTUR, ANDHRA PRADESH 522529
Branch
Rompicherla

SBIN0020487

R234MAIRAARASARAPETTQGUTURIST
Branch
Sagar Road Branch

SBIN0012678

DOOR NO 131151,RAIWAY STATION ROAD,MACHERLA,PIN522426
Branch
Sangadigunta, Guntur

SBIN0004758

D.NO.20-9-62, KANYAKA PARAMESHWARI TEMPLE, ETUKURI ROAD, ,GUNTUR, ANDHRA PRADESH ,PIN - 522003
Branch
Sattenapalle

SBIN0000915

SATTENAPALLI, GUNTUR, A.P.
Branch
Sattenapalle

SBIN0020491

N4BVRSETTYSTREETGUNTURDST
Branch
Sattenapalli Bazar

SBIN0012679

D NO 9736 TO 38,OLD BUS STAND CENTRE,8TH WARD,SATTENAPALLI,PIN522403
Branch
SavalyaPuram

SBIN0018901

SAVALYAPURAM, KARUMANCHI ROAD(POST OFFICE LANE), SAVALYAPURAM, DIST.GUNTUR, ANDHRA PRADESH-522646
Branch
Sbiintouch, Guntur

SBIN0019154

WEST KRISHNA PLAZA, LAKSHMIPURAM MAIN ROAD, OPP. KALA NIKETHAN, GUNTUR, DIST.GUNTUR, ANDHRA PRADESH- 522007
Branch
SeethaNagaram

SBIN0021103

N3530UNAVALLICENTREUNAVALLIGUNTURIST
Branch
SiriPuram

SBIN0005731

DIST GUNTUR, A P 522401
Branch
Sme Kothapet Guntur

SBIN0063652

D.NO.12-25-48, OPP RELIANCE FRESH, KOTHAPET, GUNTUR AP-522001
Branch
Sme Mangalagiri

SBIN0063653

NEAR URVASI THEATRE, GT ROAD,MANGALAGIRI DISTT GUNTUR-522503 AP
Branch
Sme Narasaraopet

SBIN0063654

OLD POLICE STATION ROAD, NARASARAOPET, DISTT GUNTUR-522601 AP
Branch
Sme Tenali

SBIN0063655

GROUND FLOOR, HOTEL PRINCESS BUILDING, TENALI, DISTT. GUNTUR 522601 AP
Branch
Specialised Commercial Branch, Guntur

SBIN0013483

GUNTUR,KANNAVARITHOTA,GUNTUR,GUNTUR DISTRICT522004
Branch
SyamalaNagar

SBIN0021153

LTNO1231STLOORHRITHPLZPTTBHIPURMMINRDGUNTUR
Branch
Tenali

SBIN0000927

MOTUPALLIVARI STREET, KOTHAPET, TENALI-522201
Branch
Tenali

SBIN0020349

H MX GUU
Branch
Tenali Bazar

SBIN0012871

D NO 22 1 49,MUNISWAMI NAIDU STREET,GANDHI CHOWK,TENALI,DISTGUNTUR 522210
Branch
Thadikonda

SBIN0021861

N267AOPPPOLICEQUARTERSTHADIKNDAPO
Branch
Thulluru

SBIN0021859

O41501STFLOORMAINROAD
Branch
Treasury Branch Guntur

SBIN0006307

2 BY 14 BRODIPET, DISTT. GUNTUR, ANDHRA PRADESH 522002
Branch
Tsundur

SBIN0014824

NEAR D NO 4 102,RAMALAYAM VEEDHI,TSUNDUR POST AND MANDAL,GUNTUR DISTRICT,ANDHRA PRADESH 522318
Branch
Tummalacheruvu

SBIN0008815

DIST GUNTUR,A P 522437
Branch
Uppalapadu

SBIN0007168

DIST GUNTUR, A P 522509
Branch
Varagani

SBIN0005642

DIST GUNTUR, A P 522235
Branch
Vatticherukuru

SBIN0014825

D NO 3 8,MAIN ROAD,VATTICHERUKURU P O AND MANDAL,GUNTUR DISTRICT,ANDHRA PRADESH 522212
Branch
VelPur

SBIN0020579

YUROTOFFICEGUNTURDITRICT
Branch
VijayaPuri South

SBIN0020621

7PO IIC
Branch
Vinukonda

SBIN0000780

DISTGUNTUR ANDHRA PRADESH 522647
Branch
Vinukonda Adb

SBIN0005882

OPP RTC BUS STAND DISTT GUNTUR ANDHRA PRADESH 522647
Branch
Yazali

SBIN0015387

D.NO.12 14, YAZALI POST , KARLAPALEM MANDAL, GUNTUR DIST., ANDHRA PRADESH 522111

What are State Bank Of India IFSC Codes?

The Indian Financial System Code, commonly known as the IFSC code, is an alphanumeric code crucial for the electronic transfer of funds within the Indian banking system. This code helps in identifying specific bank branches, ensuring that electronic transactions like NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), and IMPS (Immediate Payment Service) are conducted smoothly and accurately.

The IFSC code acts as a guide that directs money to the right bank branch, whether it is for a money transfer to a friend, payment of a bill, or business transactions.

How to Read the Structure of the State Bank Of India IFSC Code

The IFSC code is an 11-character code consisting of three distinct elements:

  • First Four Characters: These letters indicate the name of the bank. For instance, the first four alphabets in the code represent the bank's name.
  • Fifth Character: This is always '0' (zero) and is reserved for potential future use in the system.
  • Last Six Characters: These can be either numeric or alphabetic and identify a specific branch of the bank.

Example: An IFSC code may appear as "BANK0123456." Here, "BANK" denotes the bank, and "0123456" identifies the specific branch. This unique combination ensures that each branch of every bank has a distinct identification number, allowing the precise identification of the account's location.

How to Locate an State Bank Of India IFSC Code

Locating an IFSC code is relatively straightforward and can be done using any of the following methods:

  • Cheque Book: The cheque leaves issued by your bank carry the IFSC code, usually printed on the upper section of the leaf.
  • Bank Passbook: The IFSC code is typically found on the first page of the bank passbook provided at the time of opening the account.
  • Official Websites of Banks: Most banks provide a search tool on their websites that allows you to find their respective IFSC codes based on branch location or branch name.
  • Online Banking Portals: IFSC codes are provided in most online banking systems, enabling customers to find the code related to their bank branch.
  • Mobile Banking Apps: Many banking apps allow you to view branch details, including IFSC codes.
  • RBI Website: The Reserve Bank of India maintains an official list of all banks and their respective branch IFSC codes on its website.

Importance of IFSC Code in Fund Transfers

The IFSC code plays a significant role in secure and efficient fund transfers in the following ways:

  • NEFT (National Electronic Funds Transfer): The IFSC code ensures that funds are transferred accurately from one account in a bank to another account in a different bank in India.
  • RTGS (Real-Time Gross Settlement): The IFSC code ensures the safety and speed of high-value transactions where money needs to be transferred at once.
  • IMPS (Immediate Payment Service): An instant fund transfer service where the IFSC code directs funds to the correct branch instantly.
  • Error Prevention: Accurate use of the IFSC code minimizes the chances of funds being directed to the wrong account or branch, thereby reducing errors.

Benefits of Using IFSC Code

Here are the main benefits of IFSC codes you must know:

  • Increased Security: Using the correct IFSC code ensures the transaction reaches the correct branch of the bank, minimizing errors or misdirected funds.
  • Faster and More Efficient: IFSC codes streamline the fund transfer process, making it faster than traditional methods.
  • Universal Use: Since the IFSC code system is standardized across all banks in India, it can be used for transfers between any banks.

Procedure to Perform State Bank Of India Fund Transfer Using IFSC Code

Fund transfer using an IFSC code is a simple yet vital process:

  • Log in Through Online Banking: Use your mobile banking app or Internet banking portal to log in to your bank.
  • Fund Transfer: Select the option for fund transfer, choosing between NEFT, RTGS, or IMPS.
  • Add Recipient Details: Enter the recipient's name, account number, bank name, and the IFSC code of their branch.
  • Validate Details: Verify the entered details to avoid errors. Incorrect bank and IFSC details can lead to the rejection of your fund transfer request.
  • Confirm Transfer: After confirmation, the money will be transferred. Depending on the mode of transfer, the amount may be transferred within a few seconds or minutes.

How to Open a State Bank Of India Bank Account

Opening a bank account is a simple if you have the necessary documents and meet the eligibility criteria:

Eligibility Criteria

  • Any citizen over 18 years old is eligible to open a bank account.
  • In the case of minors, parents or guardians can open an account on their behalf.
  • Non-residents are also eligible, provided they fulfill certain conditions established by the banks.

Required Documents

  • Proof of Identity: Aadhaar Card, Passport, Voter ID, or any government-issued ID.
  • Proof of Address: Aadhaar Card, Passport, utility bills, or any valid document proving residence.
  • PAN Card: A PAN card is required for tax compliance.
  • Passport Size Photographs: Usually, two to three recent photographs are needed.
  • Form 16: In certain cases where a PAN card is not available, Form 16 may be considered.

Process to Open an Account

  • Visit a Bank: Visit a branch of your chosen bank, or apply online if the bank offers an online application service.
  • Fill Out the Form: Complete the account opening form with your personal information.
  • Submit Documents: Provide documents verifying your identity and address.
  • Initial Deposit: Make an initial deposit if required by the specific type of account.
  • Account Activation: Once your documents are verified, your account will be activated, and you will receive a passbook, checkbook, and debit card.
  • Register for Internet and Mobile Banking: Register for Internet and mobile banking services to facilitate easy transactions.

Loan EMI Calculator: Importance and Types

For anyone taking a loan, an EMI calculator is a vital and useful tool. Based on the loan amount, interest rate, and repayment period, it assists you in calculating the monthly repayment amount. You may better manage your money and make sure the loan doesn't put a burden on your resources by using an EMI calculator. It helps you steer clear of any unpleasant shocks later on by giving you a clear image of your financial commitment.

Loan Calculators

  • Loan Calculator VA: Specifically designed for VA loans, helping veterans calculate their mortgage payments.
  • Loan Calculator Vehicle: Assists in determining monthly payments for vehicle loans.
  • Loan Calculator 30 Year: Calculates monthly payments for a 30-year loan term.
  • Loan Calculator Yearly Payment: Provides an annual breakdown of loan payments.

EMI Calculators

  • EMI Calculator for Home Loan: Helps in calculating the Equated Monthly Installment (EMI) for home loans.
  • EMI Calculator Us: Tailored for users in the US to compute their home loan EMIs.
  • EMI Calculator on Home Loan: Another tool for calculating home loan EMIs, ensuring accurate monthly payment estimates.

Interest Calculators

  • Interest calculator yearly: Calculates the annual interest on loans or investments.

SIP Calculators

  • SIP Calculator India: Designed for Indian investors to calculate returns on Systematic Investment Plans (SIPs).
  • SIP Calculator Return: Estimates the returns on SIP investments.
  • SIP Calculator Mutual Fund: Calculates potential returns from mutual fund SIPs.
  • SIP Calculator Months: Provides monthly breakdowns of SIP investments.
  • SIP Calculator Online: An online tool for calculating SIP returns.
  • SIP Calculator Yearly: Offers yearly projections of SIP returns.

PPF Calculators

  • PPF Calculator India: Calculates returns on Public Provident Fund (PPF) investments in India.
  • PPF Generator: Generates detailed reports on PPF investments.
  • PPF Calculator 15 Years: Estimates returns over a 15-year period.
  • PPF Calculator 30 Years: Projects returns over a 30-year period.

Conclusion

An IFSC code is an essential component of the Indian banking system, ensuring the secure electronic transfer of funds. Whether you're doing a simple NEFT transfer or a high-value RTGS transaction, the IFSC code plays an indispensable role in smooth banking operations. Knowing how to find and use this code is crucial for anyone conducting electronic transactions in India.

Frequently Asked Questions (FAQs)

IFSC stands for Indian Financial System Code. It is an 11-character alphanumeric code used to identify a specific branch of a bank in India. It is required for electronic fund transfers like RTGS and NEFT.

The IFSC code is crucial for ensuring safe and error-free transfers from one bank to another. It helps route transactions through the correct bank branch.

You can find the IFSC code on your cheque book and passbook or on your bank's official website. The Reserve Bank of India also publishes a list of IFSC codes.

Yes, the IFSC code is required to complete electronic fund transfers like NEFT, RTGS, and IMPS. Without the IFSC code, the transfer cannot be completed.

In Internet banking, the IFSC code of the beneficiary's bank and branch ensures safe and accurate transfers.

No, each branch of a bank has a unique IFSC code, making it easier to identify the specific branch for transactions.

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