Select Branch for State Bank Of India in ChandraPur, Maharashtra

Choose a branch to view IFSC code and details

Branch
Arher Navargaon

SBIN0007363

TEHSIL BRAHMAPURI
Branch
AwalPur

SBIN0007924

DIST CHANDRAPUR, MAHARASHTRA 442917
Branch
Babupeth ChandraPur

SBIN0017574

BABPUETH,TAH CHANDRAPUR,DISTT.CHANDRAPUR,MAHARASHTRA 442403
Branch
BalaPur

SBIN0009299

TAL NAGBHIR
Branch
BallarPur

SBIN0003078

OPP. TO BUS STAND, BALLARPUR, DIST. CHANDRAPUR
Branch
Bhadravati Ordnance Facory

SBIN0004711

WARORA TALUKA CHANDRAPUR
Branch
BrahmaPuri

SBIN0000338

DISTCHANDRAPUR MAHARASHTRA 441206
Branch
Cement Nagar

SBIN0006872

DISTCHANDRAPUR MAHARASHTRA 442502
Branch
ChandraPur

SBIN0000346

KASTURBA RD., MAIN BR., CHANDRAPUR
Branch
ChandraPur Ind EState

SBIN0005939

DISTCHANDRAPUR MAHARASHTRA 442401
Branch
Chimur

SBIN0011422

NEAR TAHSIL OFFICE AT P OCHANDRAPUR DISTMAHARASHTRA 442903
Branch
Forest Camp Midc, ChandraPur

SBIN0007676

DIST CHANDRAPUR, MAHARASHTRA 442 406
Branch
Gadchandur

SBIN0006757

DIST CHANDRAPUR, MAHARASHTRA 442908
Branch
Gangalwadi

SBIN0011146

MAIN ROAD,A AND P GANGALWADITAL BRAHMAPURIMAHARASHTRA 441 206
Branch
JatPura Gate

SBIN0004831

JATPURAGATE CHANDRAPUR DISTT CHANDRAPUR MAHARASHTRA 442401
Branch
Kawthala Sab

SBIN0009225

KAWATHALASAB
Branch
LakhamaPur Sab

SBIN0009015

LAKHMAPUR
Branch
Mendki

SBIN0007362

DIST CHANDRAPUR,MAHARASHTRA 441206
Branch
Mini Cash Administration Cell ChandraPur

SBIN0015622

CHANDRAPUR MAIN BRANCH, CHANDRAPUR, DISTT. CHANDRAPUR. MAHARASHTRA 442402
Branch
Mini Racpc ChandraPur

SBIN0064165

AT-SHAHJAHAN COMPLEX,SBI PADOLI BRANCH,NAGPUR ROAD,PADOLI,CHANDRAPUR 442406
Branch
Mudza Sab

SBIN0009431

DIST CHANDRAPUR, MAHARASHTRA 441206
Branch
Nagbhid

SBIN0011424

VILAS D GIRIPUNJE,BRAMHAPURI ROAD, NAGBHIR,TAH NAGBHIR,CHANDRAPUR 441205
Branch
Padoli

SBIN0011145

PLOT NO 1, MODERN SHOPPING CUM COMMERCIAL COMPLEX 1ST FLOOR, PADOLI 442401
Branch
Patan Sab

SBIN0009379

PATAN
Branch
R And Db Racc ChandraPur

SBIN0062937

FIRST FLOOR, SBI CHANDRAPUR MAIN BRANCH, KASTURABA ROAD, P B NO. 1, NEAR SHRIKRISHNA TALKIES, CHANDRAPUR 442402
Branch
Rajura

SBIN0020059

UMUTQCHNDPUDISTICT
Branch
Rbo Ii, ChandraPur

SBIN0015888

VIJEET COMPLEX,NAGPUR ROAD, CHANDRAPUR, DIST NAGPUR, MAHARASHTRA 442401
Branch
Saori Bidkar

SBIN0009378

DIST CHANDRAPUR, MAHARASHTRA 442906
Branch
Sbiintouch ChandraPur

SBIN0019245

CHANDRAPUR, BAPAT NAGAR, SANT GAJANAN MANDIR SQUARE, NAGPUR ROAD, CHANDRAPUR, MH-442401
Branch
ShastriNagar ChandraPur

SBIN0001941

CHANDRAPUR DT, ST MAHARASHTRA, PIN 442 401
Branch
Sme Branch BramhaPuri

SBIN0063826

BHAIYYA LAYOUT,WADSA ROAD,OPPOSITE SWAGAT MANGAL KARYALAY,BRAHMAPURI,DIST CHANDRAPUR PIN-441206
Branch
Sme ChandraPur Branch

SBIN0063851

BESIDES SIDHHARTH HOTEL,TUKUM,CHANDRAPUR 442401
Branch
Toladhi BalaPur

SBIN0004712

DIST CHANDRAPUR, MAHARASHTRA 441221
Branch
UdaPur

SBIN0017510

AT POST UDAPUR,TAH.BRAMHAPURI,DISTT.CHANDRAPUR.MAHARASHTRA 441206
Branch
UrjaGram, Tadali

SBIN0014782

DIST AND TALUKA CHANDRAPUR,MAHARASHTRA442406
Branch
Wadhona

SBIN0008984

DIST CHANDRAPUR, MAHARASHTRA 441221
Branch
Warora

SBIN0000501

DISTCHANDRAPUR MAHARASHTRA 442907

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