Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Saurashtra Gramin Bank for its Latuda branch in Latuda, Surendranagar, or Gujarat, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the customers of Saurashtra Gramin Bank located in Latuda or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code SGBA0000244. You should definitely know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Saurashtra Gramin Bank, Latuda, Latuda
The table below shows the main details of the IFSC Code SGBA0000244 for the Saurashtra Gramin Bank branch in Latuda, which falls under the Surendranagar district in Gujarat.
| Particulars | Details |
|---|---|
| Bank | Saurashtra Gramin Bank |
| IFSC Code | SGBA0000244 |
| Branch | Latuda |
| City | Latuda |
| District | Surendranagar |
| State | Gujarat |
| Address | Main Bazar, Latuda |
These details are essential not only for online banking users but also for businesses and individuals who use Saurashtra Gramin Bank in Latuda for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SGBA0000244 for the Latuda branch of Saurashtra Gramin Bank plays an important 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 SGBA0000244 is given to every bank branch, including Saurashtra Gramin Bank located in Latuda, Latuda, 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 Latuda.
- 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 Latuda and Surendranagar.
- 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 Latuda doesn't end up at another location.
Format of the IFSC Code SGBA0000244
The format of the IFSC Code for banks, including Saurashtra Gramin Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For Saurashtra Gramin Bank, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Latuda in Latuda.
For example, the IFSC Code SGBA0000244 of Saurashtra Gramin Bank for the Latuda branch includes these elements, identifying the bank and the branch location in Latuda and Gujarat accurately.
How to Find IFSC Code for Saurashtra Gramin Bank?
To find the IFSC Code SGBA0000244 of Saurashtra Gramin Bank for its Latuda branch located in Latuda, the following methods can help you out:
Cheque Book
The cheque book issued by Saurashtra Gramin Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Saurashtra Gramin Bank branches in Latuda and Surendranagar, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Saurashtra Gramin Bank and go to the branch locator section. Then search for Latuda or Latuda to find the exact IFSC Code SGBA0000244.
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 maintains an updated database of all IFSC codes. Searching for Saurashtra Gramin Bank and Latuda will provide accurate information.
How to Use IFSC Code SGBA0000244 for Online Transfers?
Once you have the IFSC Code SGBA0000244 for the Latuda branch of Saurashtra Gramin Bank in Latuda, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code SGBA0000244. The transfer is completed in batches instead of instantly. It is useful for both personal and business payments.
RTGS
Used for high-value payments above ₹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 SGBA0000244.
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 Latuda in Latuda, 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 Latuda, 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 Latuda to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Latuda Latuda branch is SGBA0000244.
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, Latuda.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
