Select Branch for State Bank Of India in Hyderabad, Telangana

Choose a branch to view IFSC code and details

Branch
Aml Cft Hyderabad

SBIN0065102

AML CFT HYDERABADA2,Q1 FIRSTFLOOR,CYBER TOWERS,HITECH CITY,PATRIKA NAGAR-500081

Branch
Anjaneya Nagar, Hyderabad

SBIN0061790

SURVEY NO. 1011, 10 GREEN HILLS ROAD, PHASE IV, NEAR MOOSAPET, SEVALAL NAGAR, HYDERABAD 500018

Branch
Ao Cyberabad

SBIN0063872

1ST FLOOR, HYDERABAD MAIN BRANCH, KOTI, HYDERABAD-500095

Branch
BalaNagar

SBIN0063781

S V COMPLEX,S-10,TECHNOCRATS INDUSTRIAL ESTATE,BALANAGAR,HYDERABAD - 500037

Branch
Barkas

SBIN0061249

18-10-106, BESIDE FOOT BALL GROUND, MAISARAM BARKAS, KESHOGIRI P.O HYDERABAD _x0013_ 500005

Branch
Bison Shopping Arcade

SBIN0061779

BISON SHOPPING ARCADE, BOLARUM, ALWAL MANDAL, SECUNDERABAD 500 015

Branch
Cac Adilabad

SBIN0062002

SBI SHIVAJI CHOWK,ADILABAD

Branch
Cac Bongir

SBIN0061993

H NO 1-8-38-B,VINAYAKA X ROAD BHONGIR-508116

Branch
Cac MahabubNagar

SBIN0064089

SBI CAC MAHABUBNAGAR NEAR CLOCKTOWER,MAHABUBNAGAR TOWN,MAHABUBNAGAR TOWN-509001

Branch
Cac Wanaparthy

SBIN0062000

CAC WANAPARTHY,SBI WANAPARTHY BRANCH,NEAR RAJIV CHOWK,WANAPARTHY-509120

Branch
Capc Hyderabad

SBIN0080110

OPP HARI HARA KALA BHAVAN,AO HYDERABAD PREMISES,SECUNDERABAD,HYDERABAD PREMISES,SECUNDERABAD

Branch
Capc Warangal

SBIN0080137

AGRI PROCESSING CELL C/O ASHUNTA BHAVAN,1ST FLOOR OPP D-MART,HANAMAKONDA DISTT WARANGAL

Branch
Centralised Trade Finance Processing Centre

SBIN0063933

2ND FLOOR,NSL CENTRUM MALL,KPHB COLONY,HYDERABAD-500072

Branch
Chirec Avenue KondaPur

SBIN0018655

GROUND FLOOR,TVR SOUTH WEST COUNTY, KONDAPUR, SERILINGAMPALLY MANDAL,DISTT.RANGAREDDY. TELANGANA-500084

Branch
Chunnambattiwada

SBIN0064259

H.NO.23-64,RAJA RAJESHWARI NILAYAM CHENNUR ROAD,GROUND FLOOR,CHUNNAMBATTIWADA,MANCHERIAL,MANCHERIAL DISTRICT -504208

Branch
Defence Research Development Laboratory(drdl) Hyderabad

SBIN0010309

DEFENCE RESEARCH DEVELOPMENT LABORATORY PREMISES, HYDERABAD

Branch
Diamond Jubilee Telecom Nagar

SBIN0065094

DIAMOND JUBILEE BRANCH,TELECOM NAGARMAGNA PARK VIEW TOWERS,SURVEY NO.21,TELECOM EMPLOYEES CO-OP HOUSING SOCIETY LTD,TELECOM NAGAR,GACHIBOWLI,HYDERABAD-32,500032

Branch
Disaster Recovery Centre Drc Hyderabad

SBIN0061162

OPP HCU MAIN GATE, SURVEY NO 26, GACHIBOWLI, LINGAMPALLY PO HYDERABAD, DISTT HYDERABAD, TELANGANA 500019

Branch
Funds Settlement Link Office, Telangana

SBIN0061065

BANKSTREET,KOTI,DISTT.HYDERABAD.TELANGANA500095

Branch
Gaddaregadi

SBIN0064254

H.NO.1-45/3B/1/A/1,GADDERAGADI,MANCHERIAL - 504301

Branch
Gajularamaram

SBIN0062234

D.NO 2-67/303/245/A MAHADEVAPURAM COLONY UMCC MAIN ROAD HYDERABAD - 500055

Branch
Gandipet

SBIN0064523

1-37/1/A,GANDIPET MAIN ROAD,GANDIPET-500075,TELANGANA

Branch
Goc Hyderabad

SBIN0061144

2ND FLOOR, AISHWARYAM, OPP.HCU MAIN GATE, SURVEY NO.26,GACHIBOWLI, DISTT. HYDERABAD. HYDERABAD, TELANGANA - 500019

Branch
Gopanapally

SBIN0064328

SYS NO 36/A/9,GOPANAPALLY VILLAGE,Q-CITY,GOPANAPALLY ROAD,HYDERABAD - 502221

Branch
Gundlapochampally

SBIN0063998

STATE BANK OF INDIA,GUNDLAPOCHAMPALLY BRANCH,H.NO 5-140,NEAR APARNA PALM MEADOWS VILLA,GUNDLAPOCHAMPALLY.MEDCHAL MALKAJGIRI DISTRICT,TELANGANA 500100

Branch
Hafeezpet

SBIN0022063

03VINAYAKANAGARHAFEEZPETHYDERABAD

Branch
Hmt SwarnaPuri Colony

SBIN0064367

PLOT-NO 2,SY NO 106&107HMT SWARNAPURI COLONYSERILINGAMPALY - MANDALMIYAPUR VILLAGERANGA REDDY DISTRICTTELANGANA STATE - 500049

Branch
Home Loan Centre Kokapet

SBIN0064628

PREMISES OF AO CYBERABAD,BESIDE APARNA SERENE PARK,BEHIND SBI NIRIKSHAN BHAVAN,GACHIBOWLI,HYDERABAD - 500019

Branch
Htc Nallagandla Road

SBIN0063947

H NO 6-8/CC/4/NR/1& H NO 6-8/CC/4/NR/2,CONCRETE CORNET,GROUND FLOOR,NEAR VIJETHA SUPER MARKET,SERILINGAMPALLY,HYDERABAD-500019

Branch
Hyderabad, MadhaPur

SBIN0032391

PLOT NO154280,SAI NITISH TECHNO SPACE,PATRIKA NAGAR,MADHAPUR,DISTT RANGA REDDY,HYDERABAD,STATE TELENGANA 500081

Branch
Income Tax Colony Hyderabad

SBIN0062243

HNO 8 2 603 23 3 AND 15 ROAD NO 10 BANJARAHILLS HYDERABAD 500034

Branch
Kamala Nagar, Hyderabad

SBIN0018549

PLOT NO.1, SRINIVASAPURAM COLONY, HAYATNAGAR MAIN ROAD, HYDERABAD, DIST. RANGAREDDY, ANDHRA PRADESH-501 505

Branch
Kattedan

SBIN0063782

IE AREA,KATTEDAN,RAJENDRA NAGAR MANDAL,RANGAREDDY DISTRICT.PIN 500077

Branch
Kokapet

SBIN0063949

SY NO 127,H NO 4-114,M N CLASSIC GROUND FLOOR,PIPE LINE ROAD,KOKAPET VILLAGE,GANDIPET MANDAL,RANGA REDDY DIST,TELANGANA 500075

Branch
Kukatpally

SBIN0032241

PLOT NO31 AND 32 9TH PHASE,GOKUL X ROAD,KPHB COLONY,KUKATPALLY,HYDERBAD 500085

Branch
Lalapet

SBIN0063220

D.NO.12-1-167 AND 12-1-167-1,LALAPET MAIN ROAD,OPP.HPCL PETROL BUNK,SECUNDERABAD-500017

Branch
Lcpc Hyderabad

SBIN0021091

STATE BANK OF INDIA B-27, TSIIC, MOULA-ALI, HYDERABAD, TELANGANA 500040

Branch
LingaPur

SBIN0064075

HNO 4-2-316/5/10,BHARATHNAGAR,LINGAPUR SHIVARU,RAMAGUNDAM

Branch
MadhuraNagar

SBIN0022061

RCMCENREMYHRVANAMJUNCN

Branch
Malaysian Township

SBIN0064697

15-31 RTP-1 VILLA MODEL HOUSE,MALAYSIAN TOWNSHIP,KPHB 4TH PHASE,KUKATPALLY,HYDERABAD

Branch
Mallampet

SBIN0064696

SBI MALLAMPET,AISHWARYA HEIGHTS,PRANEETH NAGAR MAIN ROAD,KVR VALLEY,MALLAMPET -500090

Branch
Mayuri Nagar

SBIN0061206

D NO 3-6, LAKSHMI SPLENDOUR, MAIN ROAD, MAYURI NAGAR, MIYAPUR DISTT RANGAREDDY, HYDERABAD-500049

Branch
Mokila

SBIN0064332

SHOP NO 3 PART & 4,PRIME SOLITAIRE,GROUND FLOOR,GANDIPET,SHANKARPALLY ROAD,MOKILA,TELANGANA -501503

Branch
Musarambagh Chowrasta

SBIN0010328

VINY RESIDENCY, H NO 16 11 469 BY 29, SBI OFFICERS COLONY ROAD, MUSARAMBAGH, HYDERABAD

Branch
Naarm, RajendraNagar

SBIN0061700

ADMINISTRATIVE BLOCK, NATIONAL ACADEMY OF AGRI RESEARCH MANAGEMENT, RAJENDRANAGAR , RAJENDRANAGAR MANDAL, RR DIST. 500030

Branch
Nagarkurnool

SBIN0061999

MAIN BRANCH NAGARKURNOOL509209

Branch
Nallagandla

SBIN0018559

LA CENTRE, ADJ. TO APARNA SAROVAR, NALLAGANDLA, SERILINGAMPALLY MANDAL, DISTT.RANGAREDDY. TELANGANA-500046

Branch
Narsingi

SBIN0061245

PLOT NO 116 AND 125 MANCHIREVULA VILLAGE, (100FT NARSINGI MAIN ROAD), GANDIPETA MANDAL, RR DIST. 500089-TELANGANA

Branch
New Market Malakpet

SBIN0063932

TCK REDDY TOWERS,16-10/27/105/3 TO 18,MCH COLONY,MALAKPET MAIN ROAD,NEAR NEW MARKET METRO STATION,HYDEBAD-500036

Branch
ParvathaPur

SBIN0064295

1-91/22,RAMNAGAR COLONY,PARVATHAPUR VILLAGE,PARVATHAPUR - 500098 GHATKESAR MANADAL,MEDCHAL MALKAJGIRI DISTRICT

Branch
Platinum Branch Hyderabad

SBIN0022119

PLOT 1100, ROAD NO 36, JUBILEE HILLS, HYDERABAD TELANGANA 500033

Branch
Proactive Risk Management Department

SBIN0064760

PROACTIVE RISK MANAGEMENT DEPARTMENT,2ND FLOOR,D NO.8-2-684/2/A,NSL ICON BUILDING,ROAD NO.12,ANAND BANJARA COLONY,BANJARA HILLS,HYDERABAD,TELANGANA -500 034

Branch
Racpc DilsukhNagar

SBIN0021010

RK PURAM BRANCH, MARGADARSHI COLONY, SAROORNAGAR POST R.R. DISTRICT 500035

Branch
Racpc Moula Ali

SBIN0022042

TSIIC INDUSTRIAL PARK, MOULA ALI, HYDERABAD 500040

Branch
Racpc Sangareddy

SBIN0064092

2ND FLOOR,SY NO.44/1NEAR MIYAPUR BUS STOP SERILINGAMPALLY,HYDERABAD 500049

Branch
Racpchyderabad

SBIN0071103

SAI VAMSEE, PLOT NO. 645, ROAD NO. 36, JUBLEE HILLS, HYDERABAD, TELANGANA, 500033

Branch
Rasmec Kompally

SBIN0063340

C-O SBI, SHAPURNAGAR, D.NO 2-133, NEAR JEEDIMETLA INDL AREA, SHAPURNGAR

Branch
Rbo Ii DilsukhNagar

SBIN0021696

2NDFLOOR,DNO1171B,BHAGYODAYA,PATNYCIRCLE,SECUNDERABAD,DISTT.HYDERABAD,TELANGANA500003

Branch
Rbo Iii MadhaPur

SBIN0021697

1STFLOOR,D.NO.1171B,BHAGYODAYABUILDING,PATNYCIRCLE,SECUNDERABAD,DISTT.HYDERABAD,TELANGANA500003

Branch
Rbo Iv HimayatNagar

SBIN0021698

2NDFLOOR,DNO1171B,BHAGYODAYA,PATNYCIRCLE,SECUNDERABAD,DISTT.HYDERABAD,TELANGANA500003

Branch
Regional Business Office, RamachandraPuram

SBIN0064667

PREMISES OF AO CYBERABAD,BESIDE APARNA SERENE PARK,BEHIND SBI NIRIKSHAN BHAVAN,GACHIBOWLI,HYDERABAD - 500019

Branch
Rock Town Nagole Road

SBIN0061242

H NO 3-12-68-1-1 AND 2-GF VAISHNOVI TNRS APARTMENTS,SBI RACPC BUILDING, ROCKTOWN,MANSOORABAD, SAROORNAGAR MANDAL , R R DIST. 500068 TELANGANA

Branch
Samro Hyderabad

SBIN0064070

DNO.3-4-1013/A,1ST FLOOR,CAC,TSRTC BUS STATION,KACHEGUDA,HYDERABAD - 27

Branch
Sbi Kangti

SBIN0064711

SBI KANGTI,SRI KURTE SRINIVAS REDDY KANGTI VILLAGE,KANGTI MANDAL,SANGAREDDY DISTRICT - 502286

Branch
Sbiicm, Hyderabad

SBIN0008791

82695,BANK SANCHAR BHAVAN,ROAD NO12

Branch
Sbild Hyderabad

SBIN0004962

SBILD, OPP HYDERABAD CENTRAL UNIVERSITY, GACHIBOWLI, HYDERABAD, DISTT HYDERABAD, TELANGANA - 500019

Branch
Sbild, Secunderabad

SBIN0022115

150, STREET NO.8, WEST MARREDPALLY, OPP. MAHALAKSHMI TEMPLE, SECUNDERABAD, DISTT. HYDERABAD, TELANGANA - 500026

Branch
Scab Gachibowli

SBIN0064451

GROUND FLOOR,AO CYBERABAD BUILDINGS,BEHIND STATE BANK NIREEKSHAN BHAVAN,MANDAL SERILINGAMPALLY DIST K V RANGAREDDY STATE TELANGANA STATE PIN 500019

Branch
Seethaphalmandi

SBIN0065048

HNO.-11-2-23 & 11-2-23/01 SEETHAPHALMANDI, SECUNDERABAD -500061

Branch
Sikh Village

SBIN0065066

HNO.2-4-32,SURVEY NO.32,CHANDULAL BOWLI,SIKH VILLAGE,SECUNDERABAD - 500009

Branch
Sme Balkampet

SBIN0063783

7-1-397-3 AND 4,ROYAL ARCADIA,BALKAMPET ROAD,SANJEEVA REDDY NAGAR,BALKAMPET,HYDERABAD-500038

Branch
Sme Branch Parishram Bhavan

SBIN0063776

PARISHRAMA BHAVAN BRANCH,TSIDC BUILDING,BASHEERBAGH,HYDERABAD-500004

Branch
Sme Branch R P Road Bible House

SBIN0063791

KAYJEE MANSION,2 ND FLOOR,RANIGUNJ,SECUNDERABAD-500003

Branch
Sme Yellareddyguda

SBIN0063784

8-3-961-B,SRINAGAR COLONY MAIN ROAD,YELLAREDDYGUDA,HYDERABAD-500073

Branch
Smec Hyderabad

SBIN0021122

NEAR BHARATIYA VIDYA BHAVAN HYDERGUDA HYDERABAD TELANGANA PIN - 500029

Branch
Smecc Cyberabad

SBIN0064263

NO.12-6-39/A/2F,SY NO.698/8,670,671,Y JUNCTION,KUKATPALLY,MEDCHAL -MALKAJGIRI DISTRICT,HYDERABAD,TELANGANA STATE - 500072

Branch
Somajiguda

SBIN0018276

DOMAKONDA HOUSE,BHUPAL TOWERS, SOMAJIGUDA,HYDERABAD, DISTT.HYDERABAD,TELANGANA 500082

Branch
Specialized Startup Hub Branch

SBIN0064338

SHOP NO 1,GROUND FLOOR,SALARPURIA KNOWLEDGE CITY,OCTAVE BUILDING,UNIT 2,UNIT - 3,PARCEL-4,SURVEY NO.83/1,PLOT NO 2,SERLINGAMPALLY MANDAL,RAIDURGAM VILLAGE,RANGA REDDY DIST,HYDERABAD -500081

Branch
Sri Venkateswara Colony

SBIN0022007

NMNLREVENUEFFICE

Branch
Stressed Assets Management Branch Hyderabad

SBIN0018359

NEW BUS STATION, 1 ST FLOOR, TSRTC, KACHIGUDA, DIST.HYDERABAD, ANDHRA PRADESH-500027

Branch
Tallapet

SBIN0064266

H.NO.2-192/3,MAIN ROAD,TALLAPET,TALLAPET VILLAGE,DANDEPALLY MANDAL,MANCERIAL -504206

Branch
TulsiNagar, Kukatpally

SBIN0018848

AVINASH RESIDENCY, PRAGATHINAGAR ROAD, TULSINAGAR, KUKATPALLY, DIST.RANGAREDDY, TELANGANA- 500 072

Branch
Venkatagiri

SBIN0022018

N3A16PLTN16RAN11

Branch
Y Junction

SBIN0064021

SY.NO 390,D.NO5-35/189-AKKATPALLY MANDAL I E KUKATPALLY MEDICHAL MALAKAJGIRI DISTRICTHYDERABAD - TELANGANA STATEPIN - 500072

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.