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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Saurashtra Gramin Bank for its Varvala branch in Varvala, Devbhumi Dwarka, Gujarat, then this guide will give you detailed information.
The banking system has evolved significantly in India, and today the customers of Saurashtra Gramin Bank located in Varvala or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code SGBA0000147. 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, Varvala, Varvala
The table below shows the main details of the IFSC Code SGBA0000147 for the Saurashtra Gramin Bank branch in Varvala, which falls under the Devbhumi Dwarka district in Gujarat.
| Particulars | Details |
|---|---|
| Bank | Saurashtra Gramin Bank |
| IFSC Code | SGBA0000147 |
| Branch | Varvala |
| City | Varvala |
| District | Devbhumi Dwarka |
| State | Gujarat |
| Address | Main Bazar, Varvala |
These details are crucial, not just for online banking users but also for businesses and individuals who use Saurashtra Gramin Bank in Varvala for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SGBA0000147 for the Varvala branch of Saurashtra Gramin Bank has an 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, including Saurashtra Gramin Bank located in Varvala, Varvala, Gujarat, is provided with a unique IFSC like SGBA0000147 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Saurashtra Gramin Bank branch in Varvala.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Varvala and Devbhumi Dwarka.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Gujarat and the rest of India and the IFSC Code ensures that transactions meant for Saurashtra Gramin Bank in Varvala do not get mixed with another location.
Format of the IFSC Code SGBA0000147
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 Varvala in Varvala.
For example, the IFSC Code SGBA0000147 of Saurashtra Gramin Bank for the Varvala branch includes these elements, identifying the bank and the branch location in Varvala and Gujarat accurately.
How to Find IFSC Code for Saurashtra Gramin Bank?
To find the IFSC Code SGBA0000147 of Saurashtra Gramin Bank for its Varvala branch located in Varvala, 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 Varvala 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 go to the branch locator section. Then search for Varvala or Varvala to find the exact IFSC Code SGBA0000147.
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 Varvala will provide accurate information.
How to Use IFSC Code SGBA0000147 for Online Transfers?
If you have the IFSC Code SGBA0000147 for the Varvala branch of Saurashtra Gramin Bank in Varvala, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SGBA0000147. Transfers are processed in batches. 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. Asks for the recipient's account details and Saurashtra Gramin Bank IFSC Code SGBA0000147.
Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Saurashtra Gramin Bank Varvala in Varvala, it 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 Varvala, 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 Varvala manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is SGBA0000147.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Main Bazar, Varvala located in Varvala, Devbhumi Dwarka, Gujarat.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.