IFSC Code of State Bank Of India, Andhra Pradesh, Krishna, Mg Road, Vijayawada

SBIN0016857

State Bank Of India

State Bank Of India

IFSC Code

SBIN0016857
MICR Code

520002046
Bank Name State Bank Of India
District Krishna
State Andhra Pradesh
Address Dno.39 10 10, Datta Sai Vemuri Towers, Opp Veternary Hospital, Vijayawada, Distt.krishna. Andhra Pradesh 520010
Phone

UPI

Available

NEFT

Available

RTGS

Available

IMPS

Available

IFSC Code of the State Bank Of India Branch Near You

List of all State Bank Of India Branch IFSC Code

Agiripalle

SBIN0013305

D.NO.7 BY 1,VIJAYAWADA NUZVID ROAD,AGIRIPALLE,KRISHNA DISTRICT A.P521 221
AjitsinghNagar

SBIN0017029

D NO.43 6 BY 18 24,PIPULA ROAD JUNCTION,AJITSINGHNAGAR,VIJAYAWADA,KRISHNA,ANDHRA PRADESH 520015
Akkireddigudem

SBIN0004699

NUZVID MANDAL, DT KRISHNA, A P 521213
Arugolanu

SBIN0003725

GANNAVARAM TALUQ
Ashok Nagar, Vijayawada

SBIN0016261

DOOR NO 11 131,SRI NILAYAM, NEAR BUS STOP, ASHOK NAGAR, PATAMATA, VIJAYAWADA, DIST KRISHNA, ANDHRA PRADESH.
Avanigadda

SBIN0000811

DIST KRISHNA, ANDHRA PRADESH 521121
Avanigadda Adb

SBIN0005866

DISTKRISHNA ANDHRA PRADESH 521121
Bantumilli

SBIN0021294

N31811MAINRABANTUMILLIKRISHNAIST
Batchupeta

SBIN0021440

D NO 22 18 SBH KENNEDY ROAD BATCHUPETA MASULIPATNAM
Bhaskararaopet, Vijayawada

SBIN0001917

KRISHNA LANKA KRISHNA LANKA VIJAYWADA
BhaskarPuram, Hyderabad

SBIN0009633

NOBLE COLLEGE ROADMASULIPATNAMKRISHNA PIN - 521001
BhavaniPuram

SBIN0010782

GANDIKOTA COMPLEX, ALIBAIG STREET, GOVERNOPET, VIJAYWADA 520002
Brindavan Colony, Vijayawada

SBIN0018993

BSNL MICROWAVE BUILDING, MG ROAD, VIJAYAWADA, DISTTKRISHNA ANDHRA PRADESH 520010
Chatrayi

SBIN0007531

KRISHNA MAIN ROAD
Chillakallu

SBIN0011096

KRISHNAAP
Chinapandaraka

SBIN0004808

VIA BANTUMILLI, DT KRISHNA, A P 521324
ChristurajaPuram

SBIN0016766

D. NO.59 5 7, ROUTE NO. 5, ITA COLLEGE ROAD, VIJAYAWADA, DISTT.KRISHNA. ANDHRA PRADESH 520 008
Currency Nagar

SBIN0021148

81691MAHANADURDNAGARJUNANAGARNRCURRENCYNGRVIJAYAWADAKRISHNADT
Currency Nagar Vijaywada

SBIN0018654

SRINIVASNAGAR BANK COLONY,SERVICE RD,CURRENCY NAGAR,VIJAYAWADA,KRISHNA.AP-520008
Devarapalli

SBIN0021719

01 04 2029 HASINI NILAYAM MAIN ROAD DEVARAPALLI
Enikepadu

SBIN0021264

N471PPPANCHAYATFFICEENIKEPAUVIJAYAWAARURALISTKRISHNA
Gampalagudem

SBIN0002717

GAMPALAGUDEM MANDAL DISTT KRISHNA ANDHRA PRADESH 521403
Gandhi Nagar

SBIN0001208

POST BAG NO.1,VIJAYAVADA,KRISHNA,A.P.,PIN 520003
Gannavaram

SBIN0000783

KRISHNA ANDHRA PRADESH 521101
Ganugapadu

SBIN0015372

DNO.1/36,GANUGAPADU VILLAGE,TIRUVUR MANDAL,KRISHNA DISTRICT,ANDHRA PRADESH 521235
Gollapudi, Vijayawada

SBIN0005653

GOLAPUDI VIJAYAWADA,DIST.KRISHNA, ANDHRA PRADESH ,521225 ,PIN - 521225
Gopavaram

SBIN0006975

NUZVID TALUK
Gosaveedu

SBIN0007529

VIA GAMPALAGUDEM MANDAL, DT KRISHNA, A P 521000
Governorpet

SBIN0001008

ALI BAIG STREET,VIJAYAWADA,KRISHNA,ANDHRA PRADESH,PIN 520002
Gudalavalleru

SBIN0021307

N5147SUHANILAYAMBESIESPSTFFMAINRAGUAVALLURUISTKRISHNA
Gudivada

SBIN0000841

KRISHNA ANDHRA PRADESH PIN 521301
Gudivada

SBIN0020331

OKPP OPXV K
Gudivada Bazar

SBIN0003724

POST BOX NO.19, GUDIVADA, KRISHNA, AP, PIN 521301
Gudlavalleru

SBIN0001461

DIST KRISHNA, A P 521356
Guduru

SBIN0006976

DIST KRISHNA, A P 521149
Guduru

SBIN0021828

N12GUDURUVILLAGE
Guntupalli

SBIN0021825

BMMMDL
Gurunanak Nagar, Vijayawada

SBIN0007955

DOOR NO. 54-14-8-72 OP.VINAYAKA THEATRE, RINA ROAD, VIJAYAVADA AP ,PIN - 520008
Hanuman Junction Adb

SBIN0004700

DIST KRISHNA ANDHRA PRADESH 521105
Ibrahimpatnam, Vijayawada

SBIN0001881

VIJAYWADA TALUK,DISTKRISHNA,DISTKRISHNA,521226
Jaggaiahpet

SBIN0020170

ERPOTTISRIRMULUSTTUEJGGYYPETKRISHDIST
Jaggayyapet Adb

SBIN0005378

DIST KRISHNA, ANDHRA PRADESH
Junction Road,nuzvid

SBIN0015914

D.NO.25/155, HANUMANJUNCTION ROAD,NUZVID, NUZVID MANDAL, DIST KRISHNA, ANDHRA PRADESH 521201
Jupudi

SBIN0021974

UUI
Kaikalur

SBIN0001184

DISTKRISHNA ANDHRA PRADESH 521333
Kaikalur Adb

SBIN0005872

MARKET STREET DISTT KRISHNA ANDHRA PRADESH 521333
Kalidindi

SBIN0002736

KAIKALUR TALUK, T KRISHNA, ANDHRA PRADESH 521344
Kamayyathopu

SBIN0021134

N736PRASAPLAZAKAMAYYATHPUVIJAYAWAAKRISHNAIST
Kambhampadu

SBIN0022086

4CHYTFFICER
Kanchikacherla

SBIN0004826

KRISHNA STATE ANDHRA PRADESH PIN 521180
Kanchikacherla

SBIN0021293

CICELSISITMJEYCOMPLEXEUCETEMIODCICEL
Kankipadu

SBIN0001410

KRISHNA ANDHRA PRADESH
Kapileswara Puram

SBIN0005813

50,MAIN ROAD,KAPILESWARAPURAM,
Koduru

SBIN0002744

DIVI LALUK, DISTT KRISHNA, A P 521328
Kondapally

SBIN0021827

ODPYIRODODPY
Koretipadu

SBIN0011093

DOOR NO 4 18 18 ,KORETIPADU, GUNTUR 522 007
Korukollu

SBIN0001346

KORUKOLLU
Kothapeta, Vijayawada

SBIN0003526

DOOR NO 11 14 21,VELAGALETIVARI STREET K.T RD, VIJAYAWADA KRISHNA,AP 520001
Kuchipudi

SBIN0003172

KRISHNA, ANDHRA PRADESH 521136
Labbipet, Vijaywada

SBIN0003055

KUSA LAVA BUILDING VIJAYAVADA-520010 DISTKRISHNA,520010
LakshmiPuram

SBIN0003562

CHALLAPALLI P.O, DISTT. KRISHNA, ANDHRA PRADESH 521126
LakshmiPuram, Guntur

SBIN0011094

DOOR NO 5 87 75, LAKSHMIPURAM, GUNTUR 522 007
Machilipatnam Bazar, Machilipatnam

SBIN0001596

D NO 25 BY 300 KENNEDY ROAD,BUTTAAYAPETA, MACHIL DIST KRISHNA, ANDHRA PRADESH 521001
MadhuraNagar

SBIN0011726

VIJAYAWADA,DISTKRISHNA520011
Makkapet

SBIN0021824

EI NDL
Mallavolu

SBIN0021646

ANROADALLAVOLUKRSHNADST
Manjuluru

SBIN0020517

TMMKSST
Masulipatnam

SBIN0000874

MASULIPATNAM, KRISHNA, A.P
Masulipatnam

SBIN0020334

ZOEKYKPMESHWITEMPLEBKISHIST
Meduru

SBIN0005812

DIST KRISHNA,A P 521247
Mopidevi

SBIN0004697

DIVI TALUK, DT KRISHNA , A P 521125
Mudinepalli

SBIN0002758

KRISHNA, ANDHRA PRADESH 521325
Mudunuru

SBIN0020585

U UUUII IN
Muppalla

SBIN0021648

N0AAAASTUPPAAKISHNAIST
Musunuru

SBIN0008295

NUZVID MANDAL, DISTT KRISHNA, A P 521000
Mylavaram (pulluru)

SBIN0007527

DIST KRISHNA, A P 521230
Nagayalanka

SBIN0013229

DOOR NO 8 BY 90,DEENADAYALAPURAM ROAD,NAGAYALANKA,KRISHNA DISTRICT
Nagayalanka

SBIN0021131

N537CMAINRBESIEPANCHAYATFFICENAGAYALANKAKRISHNAT
Nandigama

SBIN0000882

MAIN ROADDISTT KRISHNA ANDHRA PRADESH 521185
Nandigama Town

SBIN0014173

PLOT NO.632,NEAR PETROL BUNK,RYTHUPETA,NANDIGAMA,KRISHNADISTRICT, ANDHRA PRADESH 521185
Nemali

SBIN0007528

GAMPALGUDEM MANDALAM, DISTT KRISHNA, A P 521401
Nidamanuru

SBIN0012654

DNO 887,MAIN ROAD,NIDAMANURU,VIJAYWADA RURAL MANDAL,KRISHNA DIST 521104
Nidumolu

SBIN0015054

D NO 1 25, NEAR PREMBABU COMPLEX, NIDUMOLU, KRISHNA DISTRICT, ANDHRA PRADESH521156
Nunna

SBIN0003287

VIJAYAVADA TALUQ,KRISHNA,A.P.,PIN 522212
Nuziveedu

SBIN0020791

WROPEHUJUTIOROUZVI
Nuzvid

SBIN0000889

DIST KRISHNA, ANDHRA PRADESH 521 201
Pamarru

SBIN0002776

DISTKRISHNA ANDHRA PRADESH 521157
Pantakaluva Road Branch, Vijayawada

SBIN0012948

GR FLOOR,PANTAKALUVA ROAD,PATAMATA,VIJAYAWADA,DISTKRISHNA520010
Paritala

SBIN0021649

EIEGOVTHMAINROAPARITALAKRIHNAIT
Patamata

SBIN0000578

PATAMATA, NEAR AUTO NGR GATE, VIJAYAWADA, KRISHNA, AP, 520007
Patamatalanka

SBIN0020542

EREEDUOFFICEPTMTLKVIJYWD
Pbb Benz Circle, Vijaywada

SBIN0004157

BENZ CICRLESHANTHA PLAZA,OPP.STELLA COLLEGERINGROAD VIJAYVADA 520008 ,PIN-520 008
Peda Avutapalli

SBIN0015373

DNO.4 72,PEDA AVUTAPALLI VILLAGE,UNGUTURU MANDAL,KRISHNA DISTRICT,ANDHRA PRADESH 521286
Pedamuthevi

SBIN0022069

N125PEDAMUTEVIVILLAGE
Pedana

SBIN0003186

GUDURU ROAD T KRISHNA A P 521366
Pedana

SBIN0021423

ANROADBESDEVENUGOPALASWAYTEPLEPEDANABRANCHDSTKRSHNA
Penamakur

SBIN0005814

THOTLAVALLURU MANDAL, DT KRISHNA, A P 521165
Penamaluru

SBIN0018251

MSR LEGEND APTS PENAMALURU CENTRE PENAMALURU DISTT KRISHNA ANDHRA PRADESH 521139
Penuganchiprolu

SBIN0002781

NANDIGAMA MANDAL, T KRISHNA , ANDHRA PRADESH 521190
Penumalli

SBIN0021823

3EUAIOST
Poranki

SBIN0011101

D NO 13 150,PORANKI,PENAMAKURU MANDAL, KRISHNA DIST AP 521137
Prajashakti Nagar, Vijaywada

SBIN0007899

VIJAYAWADA A S RAMARAO ROAD NEARMADHU KALA MANDAPA, KRISHNA, AP ,PIN - 520010
Putrela

SBIN0005654

DIST KRISHNA,A P 521423
Railway Wagon Workshop (guntupalli)

SBIN0006217

RLY HOSPITAL COMPLEX NEW AVENUE DISTT KRISHNA ANDHRA PRADESH 521241
Rajendra Nagar

SBIN0011102

DOOR NO 10 154 D4 A E SEVA ROADRAJENDRA NAGAR,GUDIWADAKRISHNA DIST
Rajupet Adb

SBIN0005880

DISTKRISHNA ANDHRA PRADESH 521235
Ramavarappadu

SBIN0011100

ANDRAPRADESHSTATE
Rayanapadu

SBIN0020397

WOKHTCT
Rguiiit Nuzvid

SBIN0021233

GTCAMPSMYLAVAAMOADNZVD
SatnarayanPuram, Vijayawada

SBIN0009001

HANUMAN STREET, NEAR SHIVAJI ,CAFE, VIJAYAWADA,KRISHNA PIN - 520011
Sbiintouch Eluru Road, Vijayawada

SBIN0019221

VISHNU NAGAR, ELURU ROAD,VIJAYAWADA, DISTT.KRISHNA. ANDHRA PRADESH-520002
Sbild Masulipatnam

SBIN0007858

OPP LAKSHMI TALKIES,MACHAVARAM,MASULIPATNAM,DISTT.KRISHNA.ANDHRA PRADESH-521002
Service Br, Vijayawada

SBIN0009388

VIJAYAWADA,AP
Sib Branch, Vijayawada

SBIN0005947

PRAKASAM ROAD, SBI ZO PREMIS, SURYARAOPETA, VIJAYAWADA ,PIN - 520002
Spb Patamata, Vijaywada

SBIN0004243

74-13-38 1ST FLOOR M G ROADPATAMATAVIJAYWADA ,PIN-520007
Specialised Mid Corporate Branch, Vijayawada

SBIN0016576

DNO.48 10 20, VEERAMACHANENI RESIDENCY, NEAR NTR MEDICAL UNIVERSITY, RAMAVARAPPADU RING ROAD, VIJAYAWADA, DIST KRISHNA, ANDHRA PRADESH520008.
SriNagar

SBIN0011097

DOOR NO 23 35 40 BY 1,LAKSHMI NAGAR,SATYANARAYANAPURAM, VIJAYAWADA, AP 520011
Station Road Vijayawada

SBIN0003481

RAILWAY STATION RD,VIJAYAWADA,KRISHNA,AP
Suryaraopet

SBIN0011098

DOOR NO 29 14 59,PRAKASAM ROAD, SURYARAOPET, VIJAYAWADA 520002
Tadigadapa Panamaluru

SBIN0021826

N227NEARRAMALAYAMTEMPLETAIGAAPAVILLAGE
Telaprolu

SBIN0002798

GANNAVARAM TALUK, T KRISHNA , ANDHRA PRADESH 521109
Tiruvur

SBIN0000794

DISTKRISHNA ANDHRA PRADESH 521235
Treasury Branch Ibrahimpatnam

SBIN0018876

ANJANEYA TOWERS, 1ST FLOOR, IBRAHIMPATNAM, DIST.KRISHNA, ANDHRA PRADESH- 521456
U G Hospital Vijayawada

SBIN0021050

N534STFLRGANTASALAVARISTREETGAYATHRINAGARVIJAYAWAA
Unikili

SBIN0007530

UNIKILI
Ventrapragada

SBIN0003365

DIST KRISHNA, A P 521263
VidhyadharaPuram

SBIN0011099

K B N COLLEGEVIJAYAWADA 520001
Vijayawada

SBIN0040359

N R P RD,VIJAYAWADA
Vijayawada

SBIN0050577

24 1 66A SAMBHAMURTHY ROAD DURGAPURAM VIJAY WADA
Vijayawada

SBIN0070540

NCKPLAZA,DNO58-2-35,NTRCIRCLE,BAGAIAHBAZAR,PATAMATABANDARROAD520002VIJAYAWADAATSBTCO
Vijayawada BhavaniPuram

SBIN0020515

HIUMIJW
Vijayawada ChittiNagar

SBIN0020714

ODHNGYDYD
Vijayawada Civil Courts Branch

SBIN0020936

GPL Y GPIY
Vijayawada GandhiNagar

SBIN0020169

RRATOWERELRROADEETHARAMPRAMVJAAWADAKRHNADT
Vijayawada Governorpet

SBIN0020343

LRJYCMMERCLCMPLEXBESDEHTELKRSHNRESDENYGERNRPETJYWD
Vijayawada MogalrajaPuram

SBIN0020899

N551KASTURIBAIPETCENTREMGALRAJAPURAMVIJAYAWAA
Vijayawada Sc Railway

SBIN0020713

IIINLFFIERLYBRNHIJYW
Vijayawada Sib Branch

SBIN0020752

GURUNANAK NAGAR ROADOPPKANAKDURGA COLONY AUTONAGAR ROADVIJAYAWADA ANDHRA PRADESH
Vijaywada

SBIN0000948

BRP ROAD, BESIDE H.P.O., VIJAYAWADA, ANDHRA PRADESH - 520 001
Vissannapeta

SBIN0011998

DIST KRISHNASTATE ANDHRA PRADESH
Viswanathapalli Kothapalem

SBIN0008296

DIST KRISHNA,A P 521124
Vmc, Vijayawada

SBIN0010046

VIJAYAWADA MUNICIPAL CORPORATION, NEHRU BLDGS., VMC CAMPUS, CANAL ROAD, VIJAYAWADA 520001
Voppangi

SBIN0022030

R1288140VPPAGIVPPAGIVILLSRIKAKULAMIST
Vtps Ibrahimpatnam

SBIN0020779

VSACCUNSFFICEIBRAHIMANAMKRISHNAD
Vutukuru

SBIN0021647

NANRVUTUKURUGAPALAGUEKRSHNAST
Vuyyur

SBIN0020772

1SRISAIDURGATOWERTHOTLAVALLURUROADVUYYURUKRISHNADIST
Vuyyuru

SBIN0001408

DISTKRISHNA ANDHRA PRADESH 521165
Yenamalakuduru - Panamaluru

SBIN0021922

N11901NTRBUSSTPMAINRADYENAMALAKUDURU
Zio, Vijayawada

SBIN0061033

CNR COMPLEX, FIRST FLOOR, SRI RAMACHANDRA NAGAR, NEAR AYUSH HOSPITAL, VIJAYAWADA, DISTT KRISHNA ANDHRA PRADESH 520008
Zonal Office, Vijayawada

SBIN0006745

LABBIPETM G ROAD VIJAYAWADA DISTKRISHNA STATE ANDHRA PRADESH PIN520010

What is an IFSC Code?

The Indian Financial System Code (IFSC) is an 11-character alphanumeric code issued by the Reserve Bank of India to every bank branch in India. This code is used to uniquely identify each branch and facilitates easy electronic payments. In the Indian banking system, the IFSC code is essential for smooth electronic transactions like NEFT, RTGS, and IMPS. Each IFSC code is specifically assigned to a branch, making it easily identifiable and ensuring every transaction is executed perfectly.

IFSC Code Structure

The IFSC code is an 11-character code that follows the structure below:

  • First Four Characters: Alphabets indicating the bank's name. In "BANK0123456," "BANK" signifies the bank.
  • Fifth Character: This is always '0' (zero), reserved for future use to ensure flexibility.
  • Last Six Characters: Either alphabets or numbers characterizing the specific branch of the bank.

Example: In the IFSC code "SBIN0016654," "SBIN" identifies the bank, and "016654" identifies the branch. This unique format makes every branch easily identifiable.

How to Obtain the IFSC Code

Finding an IFSC code is easy. Here are a few methods:

  • Cheque Book: Look at the upper-left section of the cheque leaves issued by the bank for your IFSC code.
  • Bank Passbook: The IFSC code is also provided on the first page of the bank passbook given when you open an account.
  • Official Website of the Bank: Nearly all banks offer an online search facility where you can find the IFSC code of their branches.
  • Online Banking Portals: Within online banking services, you can find the IFSC code for your branch or any other.
  • Mobile Banking Apps: Most banking apps have an option for branch details, where you can check the IFSC code.
  • RBI Website: The Reserve Bank of India maintains a comprehensive list of all banks and their branches with their respective IFSC codes.
  • Third-Party Websites: Some third-party websites that offer fund transfer services provide the IFSC code based on the bank and branch name.

Why is the IFSC Code Important in Fund Transfers?

The IFSC code is crucial for various electronic fund transfers. Here’s how it is used in different payment systems:

  • NEFT (National Electronic Funds Transfer): IFSC Codes facilitate the transfer of funds from one bank account to another in India, ensuring transactions are forwarded to the right bank and branch smoothly and without mistakes.
  • RTGS (Real-Time Gross Settlement): For high-value transactions, the IFSC code ensures secure and instant monetary transfers through real-time gross settlement.
  • IMPS (Immediate Payment Service): The IFSC code enables instant fund transfers, especially between different banks. IMPS operates 24/7, and the IFSC code ensures the transaction is directed to the correct branch instantly.
  • Error Prevention: Using the correct IFSC code reduces the chance of remitting money to the wrong account due to an incorrectly entered IFSC code. It acts as a control checkpoint to ensure the transaction is being sent to the intended recipient's bank branch.

What is the Use of an IFSC Code?

The IFSC code has numerous uses within the banking system:

  • Enable Electronic Transfers: IFSC codes are essential for electronic transactions such as NEFT, RTGS, and IMPS. No transaction can be made without this code.
  • Unique Identification of Bank Branch: Every IFSC code uniquely identifies a particular bank branch to ensure transactions reach the right destination.
  • Ensures Risk-Free Transactions: The IFSC code ensures that money reaches the correct bank and branch, eliminating errors in the transaction process.
  • Enables Online Banking: IFSC codes are crucial when adding a new beneficiary in online banking systems, ensuring the correct routing of funds.

Importance of Loan and Interest Calculator

Calculators are indispensable tools for financial planning, helping users make informed decisions. Here are some of the most commonly used types:

Loan Calculators

  • Loan Calculator Vehicle: Helps determine 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.
  • Loan Calculator VA: Tailored for VA loans, assisting veterans in calculating their mortgage payments.

EMI Calculators

  • EMI Calculator for Home Loan: Calculates the Equated Monthly Installment (EMI) for home loans.
  • EMI Calculator US: Designed 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

The IFSC code is a vital part of the Indian banking world, ensuring safe and easy online fund transfers. Whether you are doing NEFT, RTGS, or IMPS, the IFSC code ensures that your money reaches its intended destination. It is also significant in handling cheques, where the MICR code plays an important role. Together, these codes are crucial in enabling the smooth operation of banking transactions. Understanding their importance and correct use is indispensable for anyone dealing with electronic transactions in India.

Frequently Asked Questions

The IFSC code ensures the correct routing of electronic fund transfers to the concerned bank's particular branch, reducing errors and making transactions secure.

The IFSC code can be found on the bank's checkbook, passbook, official website, RBI website, or mobile banking application.

No, different branches of every bank have different IFSC codes to identify each branch correctly for internet-based transactions.

If you enter the wrong IFSC code while transferring funds, the transaction may be declined or sent to the wrong bank. Immediately contact your bank to rectify the issue.

The IFSC code comprises 11 characters: the first four characters represent the bank, the fifth is '0', and the remaining six describe the specific branch.

No, the IFSC code is designed for domestic electronic fund transfers in India. International transactions are made using SWIFT codes.

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