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 Bhildi branch in Banas Kantha, Bhiladi, Gujarat, 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 Banas Kantha or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code SBIN0011047. 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, Bhildi, Banas Kantha

Here are the main details that are associated with the IFSC Code SBIN0011047 of State Bank Of India for its branch located in Banas Kantha, within the district of Bhiladi in the state of Gujarat.

Particulars Details
Bank State Bank Of India
IFSC Code SBIN0011047
Branch Bhildi
City Banas Kantha
District Bhiladi
State Gujarat
Address Ishwarsinh S Vaghela,B By H Agricultre Market Yard,Bhildi,Gujarat

These details are important not only for users using online banking but also for businesses and individuals who use State Bank Of India in Banas Kantha for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SBIN0011047 for the Bhildi 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 Bhildi, Banas Kantha, Gujarat, are given a unique IFSC like SBIN0011047 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Banas Kantha.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents any kind of confusion between different branches of the same bank in places like Banas Kantha and Bhiladi.
  • It reduces errors in fund transfers and improves accuracy.
  • It helps the sender banks to validate and confirm branch details before processing payments.

It helps ensure that any money sent to State Bank Of India in Bhildi goes to the correct branch. This is important because State Bank Of India has thousands of branches in Gujarat and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code SBIN0011047

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 Bhildi in Banas Kantha.

For example, the IFSC Code SBIN0011047 of State Bank Of India for the Bhildi branch includes these elements, identifying the bank and the branch location in Banas Kantha and Gujarat correctly.

How to Find IFSC Code for State Bank Of India?

To find the IFSC Code SBIN0011047 of State Bank Of India for its Bhildi branch located in Banas Kantha, the following methods can help you out:

Cheque Book

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

Passbook

Most banks, including State Bank Of India branches in Banas Kantha and Bhiladi, 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 go to the branch locator section. Then search for Bhildi or Banas Kantha to find the exact IFSC Code SBIN0011047.

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 maintains an updated database of all IFSC codes. Searching for State Bank Of India and Banas Kantha will provide accurate information.

How to Use IFSC Code SBIN0011047 for Online Transfers?

Once you have the IFSC Code SBIN0011047 for the Bhildi branch of State Bank Of India in Banas Kantha, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code SBIN0011047. 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 SBIN0011047.

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 Bhildi in Banas Kantha, your payment can get delayed or might not go through at all.

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 Bhildi, 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 Banas Kantha to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of State Bank Of India in Bhildi, Banas Kantha?

The IFSC Code is SBIN0011047.

Is the IFSC Code SBIN0011047 permanent?

Yes, but it can change during merging or restructuring of the bank.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and IFSC is for online transfers.

Where can I find the IFSC Code of State Bank Of India Bhildi?

You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.

What is the full address of the Bhildi branch?

The address of the branch is Ishwarsinh S Vaghela,B By H Agricultre Market Yard,Bhildi,Gujarat located in Banas Kantha, Bhiladi, Gujarat.

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.