IFSC Code of State Bank Of India, Electric Veng Branch, Aizawl, Mizoram — SBIN0016361

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 State Bank Of India for its Electric Veng Branch branch in Aizawl, Aizawl, Mizoram, this comprehensive guide will provide you with detailed information.

The banking system in India has changed significantly over the years, and today customers of State Bank Of India located in Aizawl or anywhere in Mizoram can transfer funds instantly by using the correct IFSC Code SBIN0016361. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for State Bank Of India, Electric Veng Branch, Aizawl

Here are the key points that are associated with the IFSC Code SBIN0016361 of State Bank Of India for its branch located in Aizawl, within the district of Aizawl in the state of Mizoram.

These details are crucial, not just for online banking users but also for businesses and individuals who use State Bank Of India in Aizawl for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0016361 for the Electric Veng Branch branch of State Bank Of India has an important role.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including State Bank Of India located in Electric Veng Branch, Aizawl, Mizoram, is provided a unique IFSC like SBIN0016361 so that their online payments reach the right place.

The IFSC Code is important because:

• It uniquely recognizes the State Bank Of India branch in Aizawl.
• Helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any confusions between multiple branches of the same bank across different places like Aizawl and Aizawl.
• It reduces most of the errors in fund transfers and makes sure its accuracy.
• It enables sender banks to validate and confirm branch details before processing payments.

For thousands of branches across Mizoram and the rest of India, the IFSC Code ensures that transactions meant for State Bank Of India in Electric Veng Branch do not get misguided to another person.

Format of the IFSC Code SBIN0016361

The format of the IFSC Code for banks, including State Bank Of India, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown:

• First 4 characters (AAAA): Show the bank code. For State Bank Of India, 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 Electric Veng Branch in Aizawl.

For example, the IFSC Code SBIN0016361 of State Bank Of India for the Electric Veng Branch branch includes these elements, identifying the bank and the branch location in Aizawl and Mizoram accurately.

How to Find IFSC Code for State Bank Of India?

If you are looking for the IFSC Code SBIN0016361 of State Bank Of India for its Electric Veng Branch branch located in Aizawl, the following methods can help:

Cheque Book

The cheque book that is issued by State Bank Of India 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 State Bank Of India branches in Aizawl and Aizawl, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

You can visit the official website of State Bank Of India and look for the branch locator section, then search for Electric Veng Branch or Aizawl to get the exact IFSC Code SBIN0016361.

Mobile Banking App

If you use State Bank Of India'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 State Bank Of India and Aizawl, then it will provide you proper information.

How to Use IFSC Code SBIN0016361 for Online Transfers?

If you have the IFSC Code SBIN0016361 for the Electric Veng Branch branch of State Bank Of India in Aizawl, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SBIN0016361. 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 State Bank Of India IFSC Code SBIN0016361.

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 State Bank Of India Electric Veng Branch in Aizawl, 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 State Bank Of India in Electric Veng Branch, 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 State Bank Of India website.
• Search the RBI portal.

If you know both IFSC and MICR codes, then it can help account holders in Aizawl manage online transfers as well as cheque clearances with ease.