The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Saurashtra Gramin Bank for its Devalia branch in Devalia, Devbhumi Dwarka, Gujarat, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of Saurashtra Gramin Bank located in Devalia or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code SGBA0000120. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Saurashtra Gramin Bank, Devalia, Devalia
Below in the table are the key details related to IFSC Code SGBA0000120 of Saurashtra Gramin Bank for its branch located in Devalia, within the district of Devbhumi Dwarka in the state of Gujarat.
| Particulars | Details |
|---|---|
| Bank | Saurashtra Gramin Bank |
| IFSC Code | SGBA0000120 |
| Branch | Devalia |
| City | Devalia |
| District | Devbhumi Dwarka |
| State | Gujarat |
| Address | Main Bazar, Devalia |
These details helps users in online banking and for businesses and individuals who use Saurashtra Gramin Bank in Devalia for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SGBA0000120 for the Devalia branch of Saurashtra Gramin Bank plays a vital role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like SGBA0000120 is given to every bank branch, including Saurashtra Gramin Bank located in Devalia, Devalia, Gujarat, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Saurashtra Gramin Bank branch in Devalia.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any kind of confusion between multiple branches of the same bank across different places like Devalia and Devbhumi Dwarka.
- It removes errors in fund transfers and improves accuracy.
- It lets the sender banks validate and confirm branch details before they process the payments.
There are thousands of branches across Gujarat and the rest of India, which is why the IFSC Code ensures that transactions meant for Saurashtra Gramin Bank in Devalia doesn't end up at another location.
Format of the IFSC Code SGBA0000120
The format of the IFSC Code for banks, including Saurashtra Gramin Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For Saurashtra Gramin Bank, these letters represent the bank's short name.
- 5th character: Is always zero and is kept for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Devalia in Devalia.
For example, the IFSC Code SGBA0000120 of Saurashtra Gramin Bank for the Devalia branch includes these elements, identifying the bank and the branch location in Devalia and Gujarat accurately.
How to Find IFSC Code for Saurashtra Gramin Bank?
If you are trying to find the IFSC Code SGBA0000120 of Saurashtra Gramin Bank for its Devalia branch located in Devalia, the following methods can help:
Cheque Book
The cheque book issued by Saurashtra Gramin Bank includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
Most banks, including Saurashtra Gramin Bank branches in Devalia and Devbhumi Dwarka, print the IFSC and MICR codes on the first page of your passbook.
Bank Website
Visit the official website of Saurashtra Gramin Bank and navigate to the branch locator section. Search for Devalia or Devalia to get the exact IFSC Code SGBA0000120.
Mobile Banking App
If you use Saurashtra Gramin Bank's mobile app, you can check your account details to find your branch's IFSC code.
RBI Website
The Reserve Bank of India keeps an updated list of all IFSC codes. If you search for Saurashtra Gramin Bank and Devalia, you'll get the correct details.
How to Use IFSC Code SGBA0000120 for Online Transfers?
Once you have the IFSC Code SGBA0000120 for the Devalia branch of Saurashtra Gramin Bank in Devalia, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code SGBA0000120. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. Requires the recipient's account details and Saurashtra Gramin Bank IFSC Code SGBA0000120.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Saurashtra Gramin Bank Devalia in Devalia, your payment can get delayed or might not go through at all.
Finding the MICR Code
MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of Saurashtra Gramin Bank in Devalia, here are some ways to obtain it:
- Check the bottom of your cheque leaf.
- Refer to the first page of your passbook.
- Visit the official Saurashtra Gramin Bank website.
- Search the RBI portal.
Having both the IFSC and MICR codes makes it easy for account holders in Devalia to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Devalia Devalia branch is SGBA0000120.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Main Bazar, Devalia.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.