IFSC Code of State Bank Of India, Haryana, Panipat, I.a Rohtak

SBIN0008573

State Bank Of India

State Bank Of India

IFSC Code

SBIN0008573

MICR Code

124002005

Bank Name State Bank Of India
District Panipat
State Haryana
Address Rohtak, Haryana, Pin 124001
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

Adb ShodaPur

SBIN0003392

DISTPANIPAT HARYANA 132103

Ahar

SBIN0007576

PANIPATSTATE HARYANAPIN 132107

Amar Bhawan Chowk Panipat

SBIN0016970

SHOPNO.5598,SETHICHOWK,PANIPAT,DISTT.PANIPATH,HARYANA132103

Ansal Sushant City Panipat

SBIN0063927

ANSAL SUSHANT CITY,SCO 3 AND 4,MILLENIUM SCHOOL ROAD PANIPAT-132103

Assan Kalan

SBIN0003627

PANIPAT, HARYANA 132105

Assandh

SBIN0050358

HARYANA 132009

Atta

SBIN0050363

EIRY

Baholi Refinery Township

SBIN0016137

BAHOLI REFINERY TOWNSHIP,SHOP NO. 34 37, VILDADLANA,DIST.PANIPAT, HARYANA132140

Bapoli

SBIN0006984

DIST PANIPAT, HARYANA 132104

Bawana Lakhu

SBIN0050491

VPO HARYANA 132141

Cac Panipat

SBIN0005290

G.T. ROAD,PANIPAT,HARYANA, DIST PANIPAT 132103

Gt Road Panipat

SBIN0001620

G.T. RD,PANIPAT,HARYANA

Hathwala

SBIN0050295

TEH PANIPAT HARYANA 132115

Israna

SBIN0013693

PREMISES OF SH AJMER SINGH S/O SH MAHA SINGH AMAR ANAJ MANDI P.O. ISRANA DISTT PANIPAT 132107

Madlauda

SBIN0016964

NEAR RAILWAY CROSSING KAVI ROAD VPO MADLAUDA DISTT.PANIPAT. HARYANA132113

Model Town, Panipat

SBIN0002421

48,MODEL TOWN,PANIPAT,PANIPAT DISTPANIPAT,HARYANA 132103

Panipat Fertilizer Complex

SBIN0050286

PO KHADI ASHRAM G T ROAD HARYANA 132104

Panipat G.t.road

SBIN0050095

G T ROAD HARYANA 132103

Panipat Model Town

SBIN0051389

224 L RAM LAL CHOWNK MODEL TOWN PANIPAT HARYANA PIN 132103

Panipat Thermal Plant

SBIN0050250

THERMAL PLANT HARYANA 132105

Regional Business Office Panipat

SBIN0005209

IST FLOOR,GT ROAD,PANIPAT,HARYANA,DIST PANIPAT 132103

Samalkha

SBIN0050099

SAMALKHA

Samalkha Msa

SBIN0051464

BEHOLI ROAD MINI SECRETARIATE SAMALKHA

Scb Panipat

SBIN0004050

ATMA BHAWAN, G.T. ROAD, PANIPAT, HARYANA, PIN 132103

Sector 12, Panipat

SBIN0016969

SCO NO. 5, HUDA SHOPPING COMPLEX, SECTOR 12, PANIPAT, DISTT.PANIPAT. HARYANA 132103

Sector 13 17, Panipat

SBIN0016896

SCO 236 237, HUDA SHOPPING COMPLEX, SECTOR 13 17, HUDA, PANIPAT, DISTT.PANIPAT. HARYANA 132103

Smec Panipat

SBIN0061169

SCO 9 AND 10 SECTOR 25 PANIPAT 132103 HARYANA

Sonali Road Panipat

SBIN0011949

IMPROVEMENT TRUST,NEAR BHIM GODA CHOWK,SONALI ROAD,DISTPANIPAT132103

Ssi Panipat

SBIN0000694

PANIPAT, HARYANA, PIN 132101

Urlana Kalan

SBIN0005404

DIST PANIPAT, HARYANA 132103

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.