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 Chandra Shekhar Azad Nagar branch in Alirajpur, Chandra Shekhar Azad Nagar, Madhya Pradesh, 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 Alirajpur or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code SBIN0064503. 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, Chandra Shekhar Azad Nagar, Alirajpur

Here are the main details that are associated with the IFSC Code SBIN0064503 of State Bank Of India for its branch located in Alirajpur, within the district of Chandra Shekhar Azad Nagar in the state of Madhya Pradesh.

Particulars Details
Bank State Bank Of India
IFSC Code SBIN0064503
Branch Chandra Shekhar Azad Nagar
City Alirajpur
District Chandra Shekhar Azad Nagar
State Madhya Pradesh
Address Ward No.15,Dahod Road,Chandra Shekhar Azad Nagar,Dist.Alirajpur

These details are essential not only for online banking users but also for businesses and individuals who use State Bank Of India in Alirajpur for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0064503 for the Chandra Shekhar Azad Nagar branch of State Bank Of India plays 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 State Bank Of India located in Chandra Shekhar Azad Nagar, Alirajpur, Madhya Pradesh, is provided with a unique IFSC like SBIN0064503 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It uniquely identifies the State Bank Of India branch in Alirajpur.
  • 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 Alirajpur and Chandra Shekhar Azad Nagar.
  • 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 Madhya Pradesh and the rest of India and the IFSC Code ensures that transactions meant for State Bank Of India in Chandra Shekhar Azad Nagar do not get mixed with another location.

Format of the IFSC Code SBIN0064503

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

AAAA0CCCCCC

Here's the breakdown of this:

  • First 4 characters (AAAA): Represent the bank code. For State Bank Of India, 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 Chandra Shekhar Azad Nagar in Alirajpur.

For example, the IFSC Code SBIN0064503 of State Bank Of India for the Chandra Shekhar Azad Nagar branch includes these elements, identifying the bank and the branch location in Alirajpur and Madhya Pradesh accurately.

How to Find IFSC Code for State Bank Of India?

If you are trying to find the IFSC Code SBIN0064503 of State Bank Of India for its Chandra Shekhar Azad Nagar branch located in Alirajpur, the following methods can help:

Cheque Book

The cheque book issued by State Bank Of India includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.

Passbook

Most banks, including State Bank Of India branches in Alirajpur and Chandra Shekhar Azad Nagar, print the IFSC and MICR codes on the first page of your passbook.

Bank Website

Visit the official website of State Bank Of India and navigate to the branch locator section. Search for Chandra Shekhar Azad Nagar or Alirajpur to get the exact IFSC Code SBIN0064503.

Mobile Banking App

If you use State Bank Of India's mobile app, you can check your account details to find your branch's IFSC code.

RBI Website

The Reserve Bank of India keeps an updated list of all IFSC codes. If you search for State Bank Of India and Alirajpur, you'll get the correct details.

How to Use IFSC Code SBIN0064503 for Online Transfers?

Once you have the IFSC Code SBIN0064503 for the Chandra Shekhar Azad Nagar branch of State Bank Of India in Alirajpur, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code SBIN0064503. 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 State Bank Of India IFSC Code SBIN0064503.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the State Bank Of India Chandra Shekhar Azad Nagar in Alirajpur, your payment can get delayed or might not go through at all.

Finding the MICR Code

MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of State Bank Of India in Chandra Shekhar Azad Nagar, you can find it by any of the following ways:

  • Check the bottom of your cheque leaf.
  • Go to the first page of your passbook.
  • Visit the official State Bank Of India website.
  • Search the RBI portal.

Having both IFSC and MICR codes helps account holders in Alirajpur manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of State Bank Of India in Chandra Shekhar Azad Nagar, Alirajpur?

The IFSC Code is SBIN0064503.

Is the IFSC Code SBIN0064503 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of State Bank Of India Chandra Shekhar Azad Nagar?

You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Chandra Shekhar Azad Nagar branch?

The address of the branch is Ward No.15,Dahod Road,Chandra Shekhar Azad Nagar,Dist.Alirajpur located in Alirajpur, Chandra Shekhar Azad Nagar, Madhya Pradesh.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.