There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of State Bank Of India for its Start Up Hub Kormangala branch in Bengaluru, Bengaluru, Karnataka, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of State Bank Of India situated in Bengaluru or anywhere in Karnataka can easily transfer funds instantly by using the correct IFSC Code SBIN0064074. You should 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, Start Up Hub Kormangala, Bengaluru
Here are the main details that are associated with the IFSC Code SBIN0064074 of State Bank Of India for its branch located in Bengaluru, within the district of Bengaluru in the state of Karnataka.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0064074 |
| Branch | Start Up Hub Kormangala |
| City | Bengaluru |
| District | Bengaluru |
| State | Karnataka |
| Address | 1St Floor 117 7Th Block Industrial Layout Kormangala Bengaluru 560095 |
These details are important not only for users using online banking but also for businesses and individuals who use State Bank Of India in Bengaluru for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SBIN0064074 for the Start Up Hub Kormangala 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 Start Up Hub Kormangala, Bengaluru, Karnataka, are given a unique IFSC like SBIN0064074 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Bengaluru.
- 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 Bengaluru and Bengaluru.
- 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 Start Up Hub Kormangala goes to the correct branch. This is important because State Bank Of India has thousands of branches in Karnataka and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code SBIN0064074
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 Start Up Hub Kormangala in Bengaluru.
For example, the IFSC Code SBIN0064074 of State Bank Of India for the Start Up Hub Kormangala branch includes these elements, identifying the bank and the branch location in Bengaluru and Karnataka accurately.
How to Find IFSC Code for State Bank Of India?
If you are trying to find the IFSC Code SBIN0064074 of State Bank Of India for its Start Up Hub Kormangala branch located in Bengaluru, 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
You can easily find the IFSC and MICR codes because most banks, including State Bank Of India branches in Bengaluru and Bengaluru, print them 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 Start Up Hub Kormangala or Bengaluru to get the exact IFSC Code SBIN0064074.
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 Bengaluru, you'll get the correct details.
How to Use IFSC Code SBIN0064074 for Online Transfers?
Once you have the IFSC Code SBIN0064074 for the Start Up Hub Kormangala branch of State Bank Of India in Bengaluru, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code SBIN0064074. 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 SBIN0064074.
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 Start Up Hub Kormangala in Bengaluru, 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 Start Up Hub Kormangala, 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 Bengaluru manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is SBIN0064074.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is 1St Floor 117 7Th Block Industrial Layout Kormangala Bengaluru 560095 located in Bengaluru, Bengaluru, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.