IFSC Code of State Bank Of India, Madhya Pradesh, Bhopal, Pbb New Market

SBIN0013042

State Bank Of India

State Bank Of India

IFSC Code

SBIN0013042
MICR Code

462002062
Bank Name State Bank Of India
District Bhopal
State Madhya Pradesh
Address Tt Nagar,bhopal,distbhopal462003
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

3 Eme Centre. Bhopal

SBIN0003491

PB NO.6, BHOPAL,BAIRAGARH MP 462031
Agri Cpc Bhopal

SBIN0080075

1ST FLOOR AT PLOT NO B-121, B-129,VIDHYA NAGAR,HOSHANGABAD ROAD,BHOPAL-462002
Aiims, Bhopal

SBIN0016610

AIIMS CAMPUS, SAKET NAGAR, BHOPAL, DISTT. BHOPAL, MADHYA PRADESH 462024
Anand Nagar, Bhopal

SBIN0016153

28 A, RATNAGIRI RAISEN ROAD, DISTRICT BHOPAL.MADHYA PRADESH 462021
Arera Hills Bhopal

SBIN0030461

PLOT.NO59,NEW NARMADA BHAWAN,A.WING,GR.FOOR,ARERA HILLS
Ashok Nagar

SBIN0005089

BHOPAL
AwadhPuri Bhopal

SBIN0011787

AWADHPURI GRIH NIRMAN SAMITI,NEAR STXAVIER SCHOOL,KALIBARI,DISTBHOPAL462021
Ayodhya Nagar

SBIN0005193

PLOT NO 1 SANTOSHI VIHAR BY PASS ROAD NARELA SANKARIT BHOPAL MADHYA PRADESH 462023
Bagmugaliya Bhopal

SBIN0012275

SHRI RADHAKRISHNA SHOPPING COMPLEX,SHRI RAMESHWARAM,BAG MUGALIYA,BHOPAL MP,462026
Bairagarh Main Market

SBIN0008241

F-10,MAHATMA GANDHI MARG,,OPP BDA MARKET,BAIRAGARH,BHOPAL,PIN - 462030
Bairagarh, Bhopal

SBIN0030004

BAIRAGRAH BHOPAL
Bangrasia

SBIN0061118

CHIKLOD ROAD, VILL- BANGRASIA, TAH-HUJUR, DISTT. BHOPAL, M.P - 462026
Barkhedi, Bhopal

SBIN0030230

3 BY 4,NEELAM COLONY NEAR LILY CINEMA,JAHANGIRABAD,BHOPAL
Berasia

SBIN0001499

DISTBHOPAL MADHYA PRADESH 463106
Berasia Road, Bhopal

SBIN0030514

SHIV NAGAR,NEAR JAISHREE AUTO PETROL PUMP,KAROND
Berkhera

SBIN0002375

BARKHERA, BHOPAL, VIJAY MKT.BHEL, MP 462021
Bhel Plant Area, Bhopal

SBIN0005855

OPPOSITE BHEL ADMINISTRATIVE, BUILDING, BHOPAL BHOPAL, PIN - 462022
Bhopal

SBIN0001308

TT NAGAR, BHOPAL,MP
Bhopal University, Bhopal

SBIN0003537

UNIVERSITY CAMPUS,HOSHANGABAD ROAD, BHOPALBHOPAL, MADHYA PRADESH ,PIN-462026
Bmhrc, Bhopal

SBIN0010143

DIST BHOPALSTATE MADHYA PRADESH
Bundi

SBIN0021802

RDNCOMPLXHOSHANGABADROADBUDN
Capc Bhopal

SBIN0080065

2ND FLOOR,ABU& GSS DEPARTMENT,LOCAL HEAD OFFICE,BHOPAL-462011
Ccpc, Bhopal

SBIN0010407

DIST BHOPALSTATE MADHYA PRADESHPIN 462011
Chandbarh, Bhopal

SBIN0001577

BHOPAL,MADHYA PRADESHBHOPAL, MADHYA PRADESH462010
Chhola Road

SBIN0001964

CHOLA ROAD, BHOPAL, PB NO. 52, MADHYA PRADESH, PIN 462001
Chowk Bazar, Bhopal

SBIN0030003

113,MARWARI ROAD
Ciae, Nabibagh, Bhopal

SBIN0010144

CIAE, NABIBAGH CAMPUS,BERASIA ROAD, BHOPAL 462038
Commercial Branch, Bhopal

SBIN0001920

GROUND FLOOR,LHO BUILDING,HOSHANGABAD ROAD,BHOPAL,BHOPAL 462011
Damoh City

SBIN0003716

DAMOH.CITY,P.B.NO.27,DAMOH,MADHYA.PRADESH,PIN.470661.
Danish Kunj Bhopal

SBIN0010171

D.K.-2/435 DANISH KUNJ, KOLAR ROAD DISTRIC-BHOPAL PIN-462042
Dbu Balod

SBIN0064049

KH NO 902/38,902/39,DALLI ROAD BALOD,NEAR BUS STAND,BALOD
Dhamarra

SBIN0007725

DIST BHOPAL, MADHYA PRADESH 463101
Distt Court Arera Hills Bhopal

SBIN0030529

DISTRICT COURT CAMPUS,ARERA HILLS,BHOPAL
Document Archival Centre, Bhopal.

SBIN0011772

DOCUMENT ARCHIVAL CENTRE, BEHIND MAIDA MILL, HOSHANGABAD ROAD, BHOPAL, DISTT. BHOPAL. MADHYA PRADESH 462011
Document Archival Centre,ujjain

SBIN0018550

DOCUMENT ARCHIVAL CENTRE, STATE BANK BUILDING, BUDHWARA, DISTT.UJJAIN, MADHYA PRADESH-456010
Drm Office, Habibganj

SBIN0010146

DRM OFFICE, HABIBGANJ, BHOPAL, MADHYA PRADESH 462024
Dwarika Dham, Bhopal

SBIN0061091

WARDNO75,INFRONT OF SAGAR GARE REASTAURENT,NEW JAIL ROAD,SANJAY NAGAR,KAROND,BHOPAL,DISTT.BHOPAL,M.P462038
Engineering College, Bhopal

SBIN0010529

RGPV CAMPUSBHOPAL 462 001
Fanda

SBIN0017102

TEELA KHEDI ROAD,NEW BUS STAND,VILLAGE AND POST FANDA,DISTT.BHOPAL.MADHYA PRADESH 462030
Fatehgarh

SBIN0003863

KAMLA PARK,,VIP ROADBHOPAL, MADHYA PRADESH462001 ,PIN-462001
Funds Settlement Link Office ,fslo Bhopal

SBIN0009994

SGLO DEPTT BHOPALHOSHANGABAD ROAD BHOPAL
Gandhi Nagar, Bhopal

SBIN0016154

PLOT NO. H 2, ADARSH SOCIETY, NEW AIRPORT ROAD, BHOPAL, DISTT. BHOPAL. MADHYA PRADESH462030
Gautam Nagar Bhopal

SBIN0061530

M-187, GAUTAM NAGAR, MAIN ROAD, BHOPAL -462023
GhamaPur, JabalPur

SBIN0017724

NEAR SHEETLA MATA MANDIR, GHAMAPUR, JABALPUR, DISTT.JABALPUR. MADHYA PRADESH-482001.
GovindPura, Bhopal

SBIN0004823

BEHIND WORKING WOMEN HOSTEL,GOVINDPURA ,BHOPAL ,MADHYA PRADESH ,PIN - 462023
Habibganj, Bhopal

SBIN0030343

4,ROOR HOUSE M P NAGAR ZONE II BHOPAL
Hamidia Road

SBIN0001201

7, HAMIDIA ROAD, BHOPAL, MADHYA PRADESH, PIN 462029
Het Bhopal

SBIN0000519

H.E.T. BHOPAL, PIPLANI BHOPAL, MADHYA PRADESH, PIN 462021
Hoshangabad Road, Bhopal

SBIN0030390

15,SURENDRA PALACE,VIDHYAVIHAR,HOSHANGABAD ROAD
Idgah Hills ,bhopal

SBIN0030422

36,CAMBRIDGE SCHOOL ROAD,IDGAH HILLS
Iifm Bhopal

SBIN0012194

IIFM BHOPAL,IIFM CAMPUS,NEHRU NAGAR,BHOPAL,DISTBHOPAL462003
Iiser Campus

SBIN0011765

VILLAGE BHOURI, INDORE BYPASS ROAD, BHOPAL-462030
J.p Hospital Bhopal

SBIN0030367

J P HOSPITAL CAMPUS,1250 QURTERS,TULSI NAGAR
Jatkhedi, Bhopal

SBIN0018525

JATKHEDI, 58-JYOTI NAGAR, IN FRONT OF CENTRAL SCHOOL NO.03, BHOPAL, DISTT.BHOPAL. MADHYA PRADESH-462024
Jawahar Chowk, Bhopal

SBIN0030387

PLOT NO.22,MLA QUARTERS,NORTH T.T.NAGAR,ARCHANA PATHOLOGY BLDG.
Jehangirabad

SBIN0001178

JEHANGIRABAD PB NO. 47 BHOPAL MADHYA PRADESH
Jumerati

SBIN0017048

26 JAWAHAR CHOWK,JUMERATI,BHOPAL,DISTT.BHOPAL.MADHYA PRADESH 462001
Kachna

SBIN0061082

NEARHOUSINGBOARDCOLONY,GREENGLORYPARISAR,KACHNA,RAIPUR,DISTT.RAIPUR.CHHATTISGARH492007
Kanti

SBIN0064287

VILLAGE-KANTI,TEHSIL-CHHATARPUR,DISTRICT-CHHATARPUR-471001,MADHYA PRADESH
Katara Branch, Bhopal

SBIN0018651

SAGAR GOLDEN PALM, IN FRONT OF SAINT FRANSIS SCHOOL, KATARA HILLS, BHOPAL, DIST.BHOPAL, MADHYA PRADESH- 462043
Koh-e-fiza, Bhopal

SBIN0030415

D68,BDA COLONY,KOHEFIZA,BHOPAL
Kolar Road, Bhopal

SBIN0030513

5,ARANYA VIHAR,CHUNA BHATTI,KOAR ROAD
Kotra-sultanabad, Bhopal

SBIN0030405

B32,KAMLA NAGAR,KOTRA SULTANABAD
Kurai

SBIN0065188

BAZAR ROAD BUS STAND KURAI MAUZA PINDKAPAR TEHSIL KURAI DIST SEONI MP PIN NO 480880
Link Road-1, Bhopal

SBIN0030382

4,SHIVAJI NAGAR,NEAR BUS STOP NO6
Local Head Office, Bhopal

SBIN0003977

HOSHANGABADROADBHOPAL
M. P. Nagar, Bhopal

SBIN0005793

ZONE II,PLOT NO 128, MARKETING,COMPLEX, BHOPAL,BHOPAL, MADHYA PRADESH ,PIN - 462016
Mahavir Nagar

SBIN0003867

E-3 BY 113 ARERA COLONY,BHOPALBHOPALBHOPAL, MADHYA PRADESH ,PIN-462016
Malhar

SBIN0064512

MAIN ROAD,NEAR DEVENDRA HARDWARE,MALHAR CHOWK,MALHAR,DISTRICT BILASPUR,CG-495551
Mandakini

SBIN0016842

EARNING POINT SHOPPING MALL, SHOP NO. 6 TO 9, KOLAR ROAD, DIST BHOPAL, MADHYA PRADESH 462042
Manit, Bhopal

SBIN0001608

BHOPAL,MANIT CAMPUS BHOPAL, MADHYA PRADESH 462007
Marwari Road, Bhopal

SBIN0004197

MARWARI ROAD, BLOCK FANDA,TALUK-HUZOOR,BHOPAL, MADHYA PRADESH ,PIN-462001
Minal Residency

SBIN0010528

CAMPUS OF RAILWAYWORKSHOP,NISHADPURA ROHOPAL
Mla Rest House, Bhopal

SBIN0006159

NEW FAMILY BLOCK, NO.1 BHOPAL, PIN - 462003
Moman Badodiya

SBIN0062227

STATE BANK OF INDIA,MOHAN BADODIYA BRANCH,NEAR KHUSHI MOTORS,AGARA ROAD MOHAN BADODIYA-465226
Naisarai

SBIN0062275

STATE BANK OF INDIA,NAISARAI BRANCH,HOUSE OF TANJEER KHAN,NEHA COMPLEX NEAR BUS STAND,NAISARAI - 473332
Narmada Bhawan, Bhopal

SBIN0030388

NARMADA BHAWAN,TULSI NAGAR,LINK ROAD NO.2
Nayagaon

SBIN0007934

NAYAGAON.RAMPUR,MPEB.CAMPUS,JABALPUR,MADHYA.PRADESH,PIN.482008.
Neelbad

SBIN0007726

NEELBAD, BARKHEDI NATHU , DISTT. BHOPAL,MADHYA PRADESH
Nehru Nagar

SBIN0010468

BHOPAL MP
Neori Hills

SBIN0016068

BLDG. NO. DM 39 A , DRONANCHAL TOP, NEORI HILLS, AIR PORT ROAD, BHOPAL,MADHYA PRADESH 462038
New Transport Nagar, Bhopal

SBIN0061531

PLOT NO-46,SECTOR - A,RANI AWANTI BAI TRANSPORT NAGAR,PO - SUBHASH NAGAR,TAH-KUZUR,RAISEN ROAD,KOKTA BY-PASS,BHOPAL - 462023
Office Admin Section, Bhopal

SBIN0006173

HAMIDIA ROAD BHOPAL
Old Secretariate

SBIN0010141

BHOPAL 462 001
Parwaliya Sadak

SBIN0015080

NH 12,PARWALIYA ROAD BHOPAL 462030
Pbb Bhopal

SBIN0004123

E 3 BY 116, ARERA COLONY,TEH-HUJUR, BLOCK-FANDABHOPAL, MADHYA PRADESH ,PIN-0
Pbb Lalghati, Bhopal

SBIN0018798

JANKI NAGAR,GUFA MANDIR ROAD, LALGHATI,BHOPAL,DISTT.BHOPAL, MADHYA PRADESH-462030
Phq, Bhopal

SBIN0010526

POLICE HQ,TEHANGIRABHOPAL 462 008
Racpc Two Bhopal

SBIN0061070

RACPC-2, GROUND FLOOR, CHINAR IN-CUBE BUSINESS CENTRE, CHINAR FORTUNE CITY, HOSHANGABAD ROAD, BHOPAL - 462026
Racpc, Bhopal

SBIN0004484

RETAIL ASSETS CREDIT PROC CELL, BHOPAL
Ratibad

SBIN0061532

RATIBAD, PO- RATIBAD,TAH-HUZUR, BHOPAL-462044
Rbo Bhopal

SBIN0013492

SBI RBO2 ARERA HILLS BHOPAL DISTTBHOPAL MADHYA PRADESH462011
Regional Business Office, Region , Bhopal

SBIN0013490

LOCAL HEAD OFFICE, FIRST FLOOR, HOSHANGABAD ROAD, BHOPAL, DISTT.BHOPAL. MADHYA PRADESH 462011
Regional College Of Education, Bhopal

SBIN0002889

SHYAMLA HILLS,BHOPAL,BHOPAL,BHOPAL,462013
Rohit Nagar Bawadiya Kalan

SBIN0016450

466, ROHIT NAGAR NO.1, BAWADIYA KALAN, BHOPAL,DISTT. BHOPAL. MADHYA PRADESH 462039
Royal Market, Bhopal

SBIN0060280

ROYAL MARKET,SULTANIYA ROAD BHOPAL 462001 MP
Runaha

SBIN0030255

RUNAHA
Salaiya

SBIN0061083

P.NO.129ESECTOR,W.NO.83,SARDARVALLABHBHAIPATELAWASIYAYOJNASALAIYA,DISTT.BHOPAL.MADHYAPRADESH462039
SatPura Bhavan, Bhopal

SBIN0010145

SATPURA BHAVAN, ARERA HILLS, BHOPAL
Sbild Bhopal

SBIN0004956

STATE BANK INSTITUTE OF LEARNING AND DEVELOPMENT,SULTANIA ROAD,OPP BSNL OFFICE,BHOPAL-462001
Service Branch, Bhopal

SBIN0009676

129,ZONE11,MAHARANAPRATAPNAGAR,BHOPAL,
ShahPura, Bhopal

SBIN0030135

E 5 BY A,GIRISH KUNJ,PARYAVARAN PARISAR,ARERA COLONY,BHOPAL
ShaktiNagar, Bhopal

SBIN0030224

PLOT NO 18,SCTOR I,SHAKTI NAGAR BHOPAL
Shastri Nagar

SBIN0061100

THENGARIBHAWAN,BHARTIYAMAJDOORSANGHKARYALAYA,BHARATMATACHOURAH,BHOPAL,DISTT.BHOPAL,MADHYAPRADESH462003
Shivaji Nagar, Bhopal

SBIN0005798

BHOPAL, MADHYA PRADESH ,PIN - 462016
Sironj

SBIN0010823

SIRONJ,PO,SIRONJ,DISTVIDISHA,MP,DISTVIDISHA464228
Sme Pandhurna

SBIN0061732

SME PANDHURNA BRANCH, NEAR BUS STAND PANDHURNA, CHHINDWARA-480334
Sme Sultania Road Bhopal

SBIN0064470

CAMPUS OF SULTANIA ROAD BRANCH,NEAR SBILD BHOPAL DIST BHOPAL - 462001
Smeccc, Bhopal

SBIN0005034

SBI SULTANA ROAD BRANCHBHOPAL
Sonagiri, Bhopal

SBIN0030442

H7,SARLA TOWER,OPP.PIPLANI PETROL PUMP
Special Rarb, Bhopal

SBIN0004293

LOCAL HEAD OFFICE BUILDING,GROUND FLOOR ,HOSHANGABAD ROAD BHOPAL ,PIN - 462001
Specialised Currency Administration Branch, Bhopal

SBIN0014132

S B I SULTANIA BRANCH PREMISES,STATE BANK CHOURAHA,BHOPAL,462001
Specialised Housing Finance, Bhopal

SBIN0004415

129 ZONE II M P NAGARBHOPAL ,BHOPAL ,PIN - 462011
Ssi GovindaPura

SBIN0001253

GOVINDPURA, BHOPAL,INDUSTRIAL AREA BHOPAL, MADHYA PRADESH4 62023
Sultania Infantry Lines Bhopal

SBIN0013488

T 92 SULTANIA INFANTRY LINES BHOPAL,DISTBHOPAL462001
Sultania Road Bhopal

SBIN0000332

BHOPAL, MADHYA PRADESH
T.t. Nagar, Bhopal

SBIN0030005

20,PANCHANAN BHAWAN,
Traders Branch

SBIN0010469

Traders branch Bhopal,MP Nagar 462011
Udayachal Bhopal

SBIN0007932

HOSHANGABAD ROAD, BHOPAL, M.P., PIN - 462011
Vallabh Bhawan, Bhopal

SBIN0001056

NEW.SECRETARIAT.BUILDING,BHOPAL,PIN.462004
Vasant Kunj, Bhopal

SBIN0030404

E8 BY 9,SHIVA KUNJ,RAILWAY COLONY,GULMOHAR COLONY,12NO BUS.STOP
Vindhyachal Bhavan

SBIN0007242

VINDHYACHAL BHAVAN, STATE BANK OF INDIA,BHOPAL PIN - 462011
Wagon Coach Factory, Bhopal

SBIN0061102

WARDNO.37,GOSWAMI COMPLEX,KRISHNA NAGAR,COACH FACTORY ROAD,KRISHNA NAGAR,COACH FACTORY ROAD,NEARSTUTI COLONY,BHOPAL,DISTT.BHOPAL.M.P.462010
Zonal Inspection Office, Bhopal

SBIN0008756

ZIO,SBI COMPLEX,ARERA HILLS

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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