Select District for State Bank Of India in Gujarat
Choose a district to find branches
AdiPur
Adri
Adwana
Ahmadabad
Ahmedabad
Ahmedabar
Ahwa
Ahwa Dangs
Ajab
Aklacha
Akola
Alang
Alidhara
Amargadh
Ambaji
Ambardi
Ambawadi
Ambheta
Amirgadh
Amletha
Amraiwadi
Amreli
Anand
Anaval
Angadi
Anjar
Ankleshwar
Ankolwadi
Ansodar
Ashram Road
Asnad
Atgam
Atkot
Avania
Babra
Badarkha
Badoli
Bagalkot
Bagasara
Bagathala
Bahiel
Bakharla
Baladia
Balagam
Balasinor
Balva
Bamanbore
Bamnasa
Banas Kantha
Banaskantha
Banaskantha Patan
Bansda
Bantai
Bantwa
Bardoli
Bareja
Baroda
Barwala
Bavla
Bayad
Bechraji
Bedi
Bhabhar Juna
Bhachau
Bhadeli
Bhader
Bhadla
Bhalej
Bhanvad
Bharuch
Bhatha
Bhathena
Bhatia
Bhatial
BhavNagar
Bhayavadar
Bhesan
Bhiladi
Bhiloda
Bhogat
Bholav
Bhopalganj
Bhuj
Bil
Bilkha
Birbhum
Bodeli
Bopal
Borsad
Botad
Budhel
Buhari
Bulsar
Chagodar
Chalala
Chalamani
Chamardi
Chanasma
Chanchelavga
Chandod
Changa
Changodar
Chansad
Chanvai
Charada
Charadva
Chetarsumba
Chhapi
Chhatral
Chhaya
Chhodvadi
Chhota UdaiPur
ChhotaudePur
Chikhli
Chiloda
Chital
Chitravad
Chorivad
Chorvad
Chuda
Dabhan
Dabhoda
Dabka
Dadva Mota
Dahej
Dahisara
Dahod
Dakor
Dalkhania
DamNagar
Dantiwada
Dasada
Dashrath
Dayapar
Dedan
Dedhrota
Deesa
Dehgam
Delhi
Delwada
Deodar
Derol
Desar
Devaliya
Devda
Devgad Baria
Devgam
Devsar
Dhamlej
Dhandhuka
Dhandhusar
Dhanera
DharamPur
Dhareshvar
Dhari
Dharmaj
Dharoi
Dhasa
Dhima
Dhokadva
Dholajunction
Dholera
Dholka
Dhoraji
Dhrafa
Dhrangadhra
Dhrol
Dhuva
Dihor
Dolasa
Doli
Dolvan
Doongri
Dudhva
Dugari
Dungar
Dwarka
Endla
Freelandgunj
Gadhada
Gadhakada
Gadkhol
Gandevi
Gandhi Ngr
Gandhidham
GandhiNagar
GandhNagar
Garbada
Gariadhar
Gavada
Ghantwad
Ghatlodia
Ghod
Ghogha
Ghoghumba
Girgadhada
Godhra
Godi Road
Gojaria
Gokharvala
Golana
Gomta
Gondal
GovindPur
Gujarat
Gujrat
Gundaran
Gundarna
Hadala Bahl
Haldharvas
Halenda
Halvad
Hansot
Hapa
Harij
Harmadiya
Hatharwa
Heb
HimatNagar
HimmatNagar
Idar
Inaj
Iqbalgadh
Jafrabad
Jalia
Jalotra
Jambusar
JamjodhPur
Jamkandorn
JamNagar
Jamvala
Jamvali
Jarod
Jasdan
JashPur
Jawaraj
Jesar
JetPur
Jhagadia
Jhalod
Jodiya
Junadevalia
Junagadh
JuNagarh
Junasavar
Juthal
Kachchh
Kadi
Kadiyadra
Kadjodra
Kadod
Kadwal
Kahoda
Kakrapara
Kala Talav
Kalavad
Kali Dungeri
Kalol
Kalsar
KalyanPur
KalyanPura
Kandla
Kandolpada
Kapadwanj
KaPura
Karamsad
Karjan
Karkhadi
Karmad
Kauka
Kayavarohan
Kera
Keshod
Kevadia Colony
Khadadhar
Khadia
Khakhijalia
Khakhrechi
Khambel
Khambha
Khambhalia
Kharach
Kharaghoda
Khareda
Kharod
Khavdimoti
Kheda
Khedbrahma
Kheralu
Kherwa
Khirsara
Khodu
Khopala
Khoraj
Khorasa
Kim
Kodinar
Kolavada
Koliyak
Kosamba
Kotdasangani
Koth
Kothamba
Kovaya
Krankach
Kudadra
Kudasan
Kukarwada
Kumbhan
Kungher
Kuni
Kunkavavmoti
Kurali
Kutch
Kutch Mandvi
Kutiyana
Lakadia
Lakhtar
Lalpar Morbi
LalPur
Lambabandar
Lathi
LavarPur
Liliamota
Limbasi
Limbdi
Limbuda
Limdi
Limkheda
Lodhava
Lodhika
Lunawada
Lushala
Luvana
Madhada
Madhapar
MadhavPur
Madhi
Magod
Mahesana
Mahij
Mahisagar
Mahudha
Mahuva
Majevadi
Malav
Maliahatina
Maliya
MalPur
Malvan
Manavadar
Mandal
Mandvi
Mangrol
Manjusar
Mankani
Mankuva
Mansa
Maroli
Matar
Mathak
Matirala
Mehmedabad
Mehsana
Mendarda
Mesariya
Meswan
Metro
Mevda
MirzaPur
Mitana
Modasa
Modhera
Modhuka
Mojidad
Mokar
Morasa
Morbi
Morva
Morvi
Mota Kapra
Motacharodiya
Motadahisara
Motadevalia
Motakhuntaw
Motasamadhiyala
Motimarad
Moviya
Mujmauda
Muli
Mundra
Nadiad
Nalia Abdasa
Naliya
Nanapondha
Nandana
Nandasan
Nandesari Est
Nani Naroli
Naranpar
NardiPur
Narmada
Naswadi
Navabandar
Navagadh
Navasari
Navsari
Nesvad
Netrang
New Delhi
Nichi Mandal
NirnayNagar
Noghanvadar
Olpad
Paddhari
Padra
Palana
PalanPur
Palitana
Palli
Palsana
Panchmahal
Panchpipaliya
Panelimoti
Panoli
Panshina
Pansora
Panvad
Paravadi
Patan
Patana
Patanvav
Patdi
Patel Dhundha
Pathwada
Pavi JetPur
PethaPur
Petlad
Pimpari
Pipavav
Pipli
PithalPur
Por
Porbandar
Prabha Road,godhra
Prantij
PratapNagar
RadhanPur
Radhu
Rajkot
Rajpara Tansa
Rajpipla
RajsitaPur
Rajula
Ramod
Ranavav
Randheja
RangPur
Rankuva
RanPur
Rasecpc Rajkot
Raska
Rasmecc
Rasulabad
Ratanpar
RatanPur
RatanPur Kantdi
Raysan
Ruvad
Sabarkantha
Sachin
Sajod
Samakhiali
Samarkha
Sami
Samta
Samter
Sanakhada
Sanand
Sankheda
Sanosara
Sant Road
Sara
Sardargadh
Sargasan
Sarla
Sarod
Sarsa
Sartanpar
Sarvad
Sasangir
Sathamba
Satlasana
Satodad
Savarkundla
Savli
Secc Surat
Sevalia R S
ShahPur
ShakhPur
Shamgahan
Shedubhar
Shehra
Sherbaug
Shil
Shivrajgadh
SidhPur
Sidsar
Sihor
Sikka
Silvasa
Simarada
Sinor
Sivaganga
Soja
Sojitra
Sola
Songadh
Sukhpar
Sundhia
SurajPur
Surat
Surathkal
SurendraNagar
Sutrapada
Talaja
Talala
Talod
Tankara
Tankari
TaraPur
Tarsai
Tarsali
Tejgadh
Thadach
Thangadh
Thara
Tharad
Thasra
Theba
Tilakwada
Timbi
Tintoi
Tithva
Trambau
Tunda Vandh
Udhna
Ukai
Umarsadi
Umbergaon
Umrala
Umreth
Una
Unava
Unjha
Upleta
Uttarsanda
Vadal
Vadali
Vadavali
Vadgam
Vadia
VadNagar
Vadod
Vadodara
Vadodra
Vadsar
Vadu
Vagdod
Vaghai
Vaherakhadi
Valia
VallabhiPur
Valod
Valsad
Vana
Vanda
Vankal, Tal Mangrol,dist. Surat
Vanthali
Vapi
Varahi
Varana
Varjangjalia
Vartej
Vasad
Vasai
Vasna Keliya
Vavera
Vavol
VejalPur
Velan
Veraval
Vesma
VijaPur
Vijpadi
Vinchhiya
VirochaNagar
VirPur
Virsad
Visavadar
VisNagar
Vyara
Wadhwan
Wadi
Waghodia
Wankaner
Wav
Zoz
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.
Latest Blog Posts
-
Advance EMIs Explained: How Early Payments Can Save You Money & Strengthen Your Credit
Paying EMIs in advance reduces loan interest, boosts your credit score, and lightens monthly burdens. Discover how advance EMIs improve your financial health.
-
Car Loan EMI Calculation Made Simple: Save More with Smart Planning
Calculate your car loan EMIs in seconds! Use our smart EMI calculator to compare options, save on interest, and plan your finances confidently.
-
Home Loans vs SIP Investments: Choose the Smarter Option for Your Future
Confused between SIP investments and home loans? Learn the pros and cons of each to make smarter, goal-based financial decisions. Find out what suits you best.
-
How to Accurately Calculate EMIs for Car Loans
Learn how to calculate car loan EMIs with precision. Understand key factors, use EMI formulas or calculators, and plan repayments confidently.
-
A Guide on How to Use a Mortgage Loan EMI Calculator
Learn how to use a mortgage loan EMI calculator step by step. Estimate monthly payments, compare loans, and plan better with accurate EMI calculations.