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 Padana branch in Padana, Jamnagar, 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 Padana or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code SGBA0000129. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Saurashtra Gramin Bank, Padana, Padana
The table below shows the main details of the IFSC Code SGBA0000129 for the Saurashtra Gramin Bank branch in Padana, which falls under the Jamnagar district in Gujarat.
| Particulars | Details |
|---|---|
| Bank | Saurashtra Gramin Bank |
| IFSC Code | SGBA0000129 |
| Branch | Padana |
| City | Padana |
| District | Jamnagar |
| State | Gujarat |
| Address | Main Bazar, Padana |
These details are important not only for users using online banking but also for businesses and individuals who use Saurashtra Gramin Bank in Padana for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SGBA0000129 for the Padana branch of Saurashtra Gramin Bank is vital.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with Saurashtra Gramin Bank located in Padana, Padana, Gujarat, are given a unique IFSC like SGBA0000129 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Padana.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Padana and Jamnagar.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to Saurashtra Gramin Bank in Padana goes to the correct branch. This is important because Saurashtra Gramin Bank has thousands of branches in Gujarat and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code SGBA0000129
The format of the IFSC Code for banks, including Saurashtra Gramin Bank, has 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 Padana in Padana.
For example, the IFSC Code SGBA0000129 of Saurashtra Gramin Bank for the Padana branch includes these elements, identifying the bank and the branch location in Padana and Gujarat correctly.
How to Find IFSC Code for Saurashtra Gramin Bank?
If you are looking for the IFSC Code SGBA0000129 of Saurashtra Gramin Bank for its Padana branch located in Padana, the following methods can help:
Cheque Book
The cheque book that is issued by Saurashtra Gramin Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the banks, including Saurashtra Gramin Bank branches in Padana and Jamnagar, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of Saurashtra Gramin Bank and look for the branch locator section, then search for Padana or Padana to get the exact IFSC Code SGBA0000129.
Mobile Banking App
If you use Saurashtra Gramin Bank's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Saurashtra Gramin Bank and Padana, then it will provide you proper information.
How to Use IFSC Code SGBA0000129 for Online Transfers?
Once you have the IFSC Code SGBA0000129 for the Padana branch of Saurashtra Gramin Bank in Padana, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SGBA0000129. Transfers are processed in batches. This is suitable for 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 SGBA0000129.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Saurashtra Gramin Bank Padana in Padana may result in delayed or failed transactions.
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 Padana, here are some ways that you can get 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.
If you know both IFSC and MICR codes, then it can help account holders in Padana manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is SGBA0000129.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Main Bazar, Padana located in Padana, Jamnagar, Gujarat.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
