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 Ssi Govindapura branch in Bhopal, Bhopal, Madhya Pradesh, 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 Bhopal or anywhere in Madhya Pradesh can easily transfer funds instantly by using the correct IFSC Code SBIN0001253. 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, Ssi Govindapura, Bhopal

Here are some of the key details that come with the IFSC Code SBIN0001253 of State Bank Of India for its branch located in Bhopal, within the district of Bhopal in the state of Madhya Pradesh.

Particulars Details
Bank State Bank Of India
IFSC Code SBIN0001253
Branch Ssi Govindapura
City Bhopal
District Bhopal
State Madhya Pradesh
Address Govindpura, Bhopal,Industrial Area Bhopal, Madhya Pradesh4 62023

These details are essential not only for online banking users but also for businesses and individuals who use State Bank Of India in Bhopal for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0001253 for the Ssi Govindapura 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, along with State Bank Of India located in Ssi Govindapura, Bhopal, Madhya Pradesh, are given a unique IFSC like SBIN0001253 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Bhopal.
  • 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 Bhopal and Bhopal.
  • 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 Ssi Govindapura goes to the correct branch. This is important because State Bank Of India has thousands of branches in Madhya Pradesh and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code SBIN0001253

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 Ssi Govindapura in Bhopal.

For example, the IFSC Code SBIN0001253 of State Bank Of India for the Ssi Govindapura branch includes these elements, identifying the bank and the branch location in Bhopal and Madhya Pradesh accurately.

How to Find IFSC Code for State Bank Of India?

To find the IFSC Code SBIN0001253 of State Bank Of India for its Ssi Govindapura branch located in Bhopal, 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 Bhopal and Bhopal, 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 Ssi Govindapura or Bhopal to find the exact IFSC Code SBIN0001253.

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 Bhopal will provide accurate information.

How to Use IFSC Code SBIN0001253 for Online Transfers?

Once you have the IFSC Code SBIN0001253 for the Ssi Govindapura branch of State Bank Of India in Bhopal, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code SBIN0001253. 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 SBIN0001253.

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 Ssi Govindapura in Bhopal, 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 Ssi Govindapura, 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 Bhopal manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of State Bank Of India Ssi Govindapura Bhopal?

The IFSC Code of the Ssi Govindapura Bhopal branch is SBIN0001253.

Is IFSC Code SBIN0001253 permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the State Bank Of India Ssi Govindapura branch?

The branch is located at Govindpura, Bhopal,Industrial Area Bhopal, Madhya Pradesh4 62023.

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.

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