Select Branch for State Bank Of India in Parbhani, Maharashtra

Choose a branch to view IFSC code and details

Branch
Basmat Road Parbhani

SBIN0021054

3SHIVRAMNAGARBASMATROADPARBHANI
Branch
Bori

SBIN0020301

ITRTQPARBHAIDISTRICT
Branch
Cac Parbhani

SBIN0062108

AT SBI STADIUM BRANCH PARBHANI-431401
Branch
Daithana

SBIN0020416

ABAIDISTICT71CABAI
Branch
Deogaon

SBIN0009905

POST BORKINI VIA JINTURTQ SAILU DIST PARBHANI
Branch
Dsh Parbhani

SBIN0062874

ABOVE SBI STADIUM BRANCH, JAWAHAR ROAD PARBHANI 431401
Branch
Erandeshwar

SBIN0021572

ZERO PHATA PURNA ROADERANDESHWARTQ PURNA DIST PARBHANI
Branch
Gangakhed

SBIN0020023

SKULNLONKPNS
Branch
Gangakhed

SBIN0004706

DIST PARBHANI, MAHARASHTRA 431514
Branch
Jintur

SBIN0003423

DISTPARBHANI MAHARASHTRA 431509
Branch
Jintur

SBIN0020019

ABAIDISTICTBESIDEBUSSTADJITU
Branch
Jintur Raoad, Parbhani

SBIN0012004

SANSKRITI HOUSE NO1066 BY 1,GANAPATI CHOWK,JINTUR ROAD,PARBHANI414001
Branch
Jintur Road Branch Parbhani

SBIN0022084

LTN2LDEDGANKARRAD
Branch
Malewadi

SBIN0015564

STATE BANK OF INDIA, VILLAGEMALEWADI TQ GANGAKHED, PARBHANI 431514
Branch
Manwat

SBIN0013841

ST STAND,MANWAT,DISTPARBHANI 431505
Branch
Manwath

SBIN0020020

ANROADANWATHPARBHANDSTRCT
Branch
Marathwada Krishi Vidyapeeth

SBIN0020317

OOESCIENCECOLLEGEARATWADAAGRLUNIVERSITYARBANI
Branch
Midc, Parbhani

SBIN0007918

OPP GOVT MILK SCHEME MIDC AREA DISTT PARBHANI MAHARASHTRA 431401
Branch
Nanalpet

SBIN0020438

PULNGTRMNNLPTJRPRN
Branch
Palam

SBIN0020306

QQRBHIDISRIC
Branch
Parbhani

SBIN0003667

PLOT NO 55, SHIVAJI ROAD, DISTT. PARBHANI, MAHARASHTRA 431401
Branch
Parbhani Adb

SBIN0020253

QABAIEWMODAABAIDIS
Branch
Parbhani Main

SBIN0020016

TTOOPH
Branch
Pathri

SBIN0003801

TALUKA PATHRI
Branch
Patri Adb

SBIN0020373

LOPHPH
Branch
Pbb Kalyan Nagar

SBIN0061562

ABOVE SBI SHIVRAM NAGAR BRANCH,BASMAT ROAD PARBHANI-431401
Branch
Purna

SBIN0004561

PARBHANISTATE MAHARASHTRAPIN 431511
Branch
Racc Parbhani Fimm

SBIN0062901

ABOVE SBI STADIUM BRANCH, JAWAHARLAL NEHRU NAGAR, PARBHANI
Branch
Racc R And Db Parbhani

SBIN0062930

AT SBI STADIUM BRANCH, JAWAHRALAL NEHRU ROAD, PARBHANI
Branch
Racpc Parbhani

SBIN0064142

JAWAHARLAL NEHRU ROAD OPPOSITE STADIUM PARBHANI-431401
Branch
Sailu

SBIN0020022

SIUTUQBIIST
Branch
Sailu

SBIN0003797

NEAR POST OFFICE, DISTT PARBHANI, MAHARASHTRA 431503
Branch
Sme, Parbhani

SBIN0063824

STATE BANK OF INDIA,SME BRANCH,POST BAG NO.7,PLOT NO.55,SHIVAJI ROAD,PARBHANI -431401
Branch
Sonpeth

SBIN0020026

AAHDTQPARBHAIDIST
Branch
Tadkalas

SBIN0012241

AT AND PO TADKALAS,TA PURNA,DIST PARBHANI 431402
Branch
Zari

SBIN0020456

RMNHTBUILDINZRIRBHNIDISTTLUK

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.

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