IFSC Code of State Bank Of India, Hungund, Hungund, Karnataka — SBIN0001313

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 Hungund branch in Bagalkot, Hungund, Karnataka, 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 Bagalkot or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code SBIN0001313. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for State Bank Of India, Hungund, Bagalkot

Here are some of the key details that come with the IFSC Code SBIN0001313 of State Bank Of India for its branch located in Bagalkot, within the district of Hungund in the state of Karnataka.

These details are essential not only for online banking users but also for businesses and individuals who use State Bank Of India in Bagalkot for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0001313 for the Hungund 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 Hungund, Bagalkot, Karnataka, is provided with a unique IFSC like SBIN0001313 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 Bagalkot.
• 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 Bagalkot and Hungund.
• 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 Karnataka and the rest of India and the IFSC Code ensures that transactions meant for State Bank Of India in Hungund do not get mixed with another location.

Format of the IFSC Code SBIN0001313

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

AAAA0CCCCCC

Here's the explanation:

• First 4 characters (AAAA): This is the bank code. For State Bank Of India, these characters are the bank's short identifier.
• 5th character (0): This stays zero till there is any future use.
• Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Hungund in Bagalkot.

For example, the IFSC Code SBIN0001313 of State Bank Of India for the Hungund branch includes these elements, identifying the bank and the branch location in Bagalkot and Karnataka accurately.

How to Find IFSC Code for State Bank Of India?

If you are trying to find the IFSC Code SBIN0001313 of State Bank Of India for its Hungund branch located in Bagalkot, 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 Bagalkot and Hungund, 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 Hungund or Bagalkot to get the exact IFSC Code SBIN0001313.

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 Bagalkot, you'll get the correct details.

How to Use IFSC Code SBIN0001313 for Online Transfers?

Once you have the IFSC Code SBIN0001313 for the Hungund branch of State Bank Of India in Bagalkot, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code SBIN0001313. The transfer is completed in batches instead of instantly. It is useful for both 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 SBIN0001313.

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 Hungund in Bagalkot, your payment can get delayed or might not go through at all.

Finding the MICR Code

MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of State Bank Of India in Hungund, here are some of the ways 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.

Knowing both IFSC and MICR code can help account holders in Bagalkot manage their online transfers and cheque clearances easily.