For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Saurashtra Gramin Bank for its Raval branch in Raval, Devbhumi Dwarka, Gujarat, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of Saurashtra Gramin Bank located in Raval or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code SGBA0000168. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Saurashtra Gramin Bank, Raval, Raval
Below in the table are the key details related to IFSC Code SGBA0000168 of Saurashtra Gramin Bank for its branch located in Raval, within the district of Devbhumi Dwarka in the state of Gujarat.
| Particulars | Details |
|---|---|
| Bank | Saurashtra Gramin Bank |
| IFSC Code | SGBA0000168 |
| Branch | Raval |
| City | Raval |
| District | Devbhumi Dwarka |
| State | Gujarat |
| Address | Main Bazar, At-Raval, Ta-Kalyanpur, Dist-Devbhumi Dwarka |
These details help users in online banking and for businesses and individuals who use Saurashtra Gramin Bank in Raval for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SGBA0000168 for the Raval 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 Raval, Raval, Gujarat, are given a unique IFSC like SGBA0000168 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Raval.
- 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 Raval and Devbhumi Dwarka.
- 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 Raval 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 SGBA0000168
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 Raval in Raval.
For example, the IFSC Code SGBA0000168 of Saurashtra Gramin Bank for the Raval branch includes these elements, identifying the bank and the branch location in Raval and Gujarat correctly.
How to Find IFSC Code for Saurashtra Gramin Bank?
If you are trying to find the IFSC Code SGBA0000168 of Saurashtra Gramin Bank for its Raval branch located in Raval, the following methods can help:
Cheque Book
The cheque books that are issued by Saurashtra Gramin Bank include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including Saurashtra Gramin Bank branches in Raval and Devbhumi Dwarka, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Saurashtra Gramin Bank and find the branch locator section. Search for Raval or Raval to get the exact IFSC Code SGBA0000168.
Mobile Banking App
If you use Saurashtra Gramin Bank's mobile app, you can easily 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 to help you in searching for Saurashtra Gramin Bank and Raval that will provide accurate information.
How to Use IFSC Code SGBA0000168 for Online Transfers?
Once you have the IFSC Code SGBA0000168 for the Raval branch of Saurashtra Gramin Bank in Raval, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code SGBA0000168. 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 SGBA0000168.
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 Raval in Raval, 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 Raval, 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 Raval manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is SGBA0000168.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Main Bazar, At-Raval, Ta-Kalyanpur, Dist-Devbhumi Dwarka located in Raval, Devbhumi Dwarka, Gujarat.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.