There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Saurashtra Gramin Bank for its Palitana branch in Palitana, Bhavnagar, Gujarat, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of Saurashtra Gramin Bank situated in Palitana or anywhere in Gujarat can easily transfer funds instantly by using the correct IFSC Code SGBA0000267. You should 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, Palitana, Palitana
Below in the table are the key details related to IFSC Code SGBA0000267 of Saurashtra Gramin Bank for its branch located in Palitana, within the district of Bhavnagar in the state of Gujarat.
| Particulars | Details |
|---|---|
| Bank | Saurashtra Gramin Bank |
| IFSC Code | SGBA0000267 |
| Branch | Palitana |
| City | Palitana |
| District | Bhavnagar |
| State | Gujarat |
| Address | Panchdeep Complex, Opp.S.T.Stand |
These details help users in online banking and for businesses and individuals who use Saurashtra Gramin Bank in Palitana for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SGBA0000267 for the Palitana branch of Saurashtra Gramin Bank has a very important role.
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 Palitana, Palitana, Gujarat, are allotted a unique IFSC like SGBA0000267 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Palitana.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Palitana and Bhavnagar.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Saurashtra Gramin Bank in Palitana reaches the right place, even though there are thousands of branches in Gujarat and across India.
Format of the IFSC Code SGBA0000267
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 Palitana in Palitana.
For example, the IFSC Code SGBA0000267 of Saurashtra Gramin Bank for the Palitana branch includes these elements, identifying the bank and the branch location in Palitana and Gujarat accurately.
How to Find IFSC Code for Saurashtra Gramin Bank?
To find the IFSC Code SGBA0000267 of Saurashtra Gramin Bank for its Palitana branch located in Palitana, 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 Palitana and Bhavnagar, 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 Palitana or Palitana to find the exact IFSC Code SGBA0000267.
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 Palitana will provide accurate information.
How to Use IFSC Code SGBA0000267 for Online Transfers?
Once you have the IFSC Code SGBA0000267 for the Palitana branch of Saurashtra Gramin Bank in Palitana, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code SGBA0000267. 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 SGBA0000267.
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 Palitana in Palitana, your payment can get delayed or might not go through at all.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Saurashtra Gramin Bank in Palitana, here are some of the ways 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.
Knowing both IFSC and MICR code can help account holders in Palitana manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code of the Palitana Palitana branch is SGBA0000267.
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 Panchdeep Complex, Opp.S.T.Stand.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.