IFSC Code of State Bank Of India, Chohatta Bazar, Akola, Maharashtra — SBIN0012313

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 State Bank Of India for its Chohatta Bazar branch in Akola, Akola, Maharashtra, then this guide will give you detailed information.

The banking system has evolved significantly in India, and today the customers of State Bank Of India located in Akola or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SBIN0012313. 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 State Bank Of India, Chohatta Bazar, Akola

Here are the main details that are associated with the IFSC Code SBIN0012313 of State Bank Of India for its branch located in Akola, within the district of Akola in the state of Maharashtra.

These details are important not only for users using online banking but also for businesses and individuals who use State Bank Of India in Akola for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SBIN0012313 for the Chohatta Bazar branch of State Bank Of India 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 State Bank Of India located in Chohatta Bazar, Akola, Maharashtra, are allotted a unique IFSC like SBIN0012313 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It clearly tells which bank branch it is in Akola.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It prevents confusion between different branches of the same bank in places like Akola and Akola.
• 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 State Bank Of India in Chohatta Bazar reaches the right place, even though there are thousands of branches in Maharashtra and across India.

Format of the IFSC Code SBIN0012313

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): These represent the bank code. In State Bank Of India, they are a short identifier for the bank.
• 5th character (0): This is always zero and is reserved for future use.
• Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Chohatta Bazar in Akola.

For example, the IFSC Code SBIN0012313 of State Bank Of India for the Chohatta Bazar branch has these elements, identifying the bank and the branch location in Akola and Maharashtra correctly.

How to Find IFSC Code for State Bank Of India?

If you are looking for the IFSC Code SBIN0012313 of State Bank Of India for its Chohatta Bazar branch located in Akola, 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 Akola and Akola, 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 Chohatta Bazar or Akola to get the exact IFSC Code SBIN0012313.

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 Akola, then it will provide you proper information.

How to Use IFSC Code SBIN0012313 for Online Transfers?

Once you have the IFSC Code SBIN0012313 for the Chohatta Bazar branch of State Bank Of India in Akola, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SBIN0012313. 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 State Bank Of India IFSC Code SBIN0012313.

Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for State Bank Of India Chohatta Bazar in Akola 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 Chohatta Bazar, here are some ways to obtain 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.

Having both the IFSC and MICR codes makes it easy for account holders in Akola to handle online money transfers and get their cheques cleared smoothly.