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 City Branch, Mungaoli branch in Ashoknagar, Mungaoli, 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 Ashoknagar or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code SBIN0030084. 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, City Branch, Mungaoli, Ashoknagar

The table below shows the main details of the IFSC Code SBIN0030084 for the State Bank Of India branch in Ashoknagar, which falls under the Mungaoli district in Madhya Pradesh.

Particulars Details
Bank State Bank Of India
IFSC Code SBIN0030084
Branch City Branch, Mungaoli
City Ashoknagar
District Mungaoli
State Madhya Pradesh
Address Akhai Market,Station Road

These details are important not only for users using online banking but also for businesses and individuals who use State Bank Of India in Ashoknagar for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SBIN0030084 for the City Branch, Mungaoli 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 that is provided by the Reserve Bank of India. A unique IFSC like SBIN0030084 is given to every bank branch, including State Bank Of India located in City Branch, Mungaoli, Ashoknagar, Madhya Pradesh, to make sure that online payments reach the right place.

The IFSC Code is important because:

  • It uniquely identifies the State Bank Of India branch in Ashoknagar.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any kind of confusion between multiple branches of the same bank across different places like Ashoknagar and Mungaoli.
  • It removes errors in fund transfers and improves accuracy.
  • It lets the sender banks validate and confirm branch details before they process the payments.

There are thousands of branches across Madhya Pradesh and the rest of India, which is why the IFSC Code ensures that transactions meant for State Bank Of India in City Branch, Mungaoli doesn't end up at another location.

Format of the IFSC Code SBIN0030084

The format of the IFSC Code for banks, including State Bank Of India, has 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 City Branch, Mungaoli in Ashoknagar.

For example, the IFSC Code SBIN0030084 of State Bank Of India for the City Branch, Mungaoli branch includes these elements, identifying the bank and the branch location in Ashoknagar and Madhya Pradesh correctly.

How to Find IFSC Code for State Bank Of India?

If you are trying to find the IFSC Code SBIN0030084 of State Bank Of India for its City Branch, Mungaoli branch located in Ashoknagar, the following methods can help:

Cheque Book

The cheque books that are issued by State Bank Of India 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 State Bank Of India branches in Ashoknagar and Mungaoli, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

Visit the official website of State Bank Of India and find the branch locator section. Search for City Branch, Mungaoli or Ashoknagar to get the exact IFSC Code SBIN0030084.

Mobile Banking App

If you use State Bank Of India'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 State Bank Of India and Ashoknagar that will provide accurate information.

How to Use IFSC Code SBIN0030084 for Online Transfers?

Once you have the IFSC Code SBIN0030084 for the City Branch, Mungaoli branch of State Bank Of India in Ashoknagar, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SBIN0030084. Transfers are processed in batches. Suitable for personal and business payments.

RTGS

Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. You need the recipient's account details and State Bank Of India IFSC Code SBIN0030084.

Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for State Bank Of India City Branch, Mungaoli in Ashoknagar, it can result in delayed or failed transactions.

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 City Branch, Mungaoli, 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 Ashoknagar 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 City Branch, Mungaoli, Ashoknagar?

The IFSC Code is SBIN0030084.

Is the IFSC Code SBIN0030084 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 City Branch, Mungaoli?

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 City Branch, Mungaoli branch?

The address of the branch is Akhai Market,Station Road located in Ashoknagar, Mungaoli, 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.