IFSC Code of State Bank Of India, Andhra Pradesh, Krishna, Pantakaluva Road Branch, Vijayawada
SBIN0012948
State Bank Of India
| IFSC Code |
SBIN0012948 |
|---|---|
| MICR Code |
520002034 |
| Bank Name | State Bank Of India |
| District | Krishna |
| State | Andhra Pradesh |
| Address | Gr Floor,pantakaluva Road,patamata,vijayawada,distkrishna520010 |
| 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
Mg Road, Vijayawada
SBIN0016857
DNO.39 10 10, DATTA SAI VEMURI TOWERS, OPP VETERNARY HOSPITAL, VIJAYAWADA, DISTT.KRISHNA. ANDHRA PRADESH 520010
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
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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