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 Vanagaram branch in Chennai, Chennai, Tamil Nadu, 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 Chennai or anywhere in Tamil Nadu can transfer funds instantly by using the correct IFSC Code SBIN0016561. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for State Bank Of India, Vanagaram, Chennai
The table below shows the main details of the IFSC Code SBIN0016561 for the State Bank Of India branch in Chennai, which falls under the Chennai district in Tamil Nadu.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0016561 |
| Branch | Vanagaram |
| City | Chennai |
| District | Chennai |
| State | Tamil Nadu |
| Address | 61, Radhae Shyam Complex, Vanagaram Ambattur Salai, Vanaaram, Chennai. Tamil Nadu 600095 |
These details helps users in online banking and for businesses and individuals who use State Bank Of India in Chennai for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0016561 for the Vanagaram branch of State Bank Of India plays a vital 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 Vanagaram, Chennai, Tamil Nadu, are allotted a unique IFSC like SBIN0016561 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Chennai.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Chennai and Chennai.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to State Bank Of India in Vanagaram reaches the right place, even though there are thousands of branches in Tamil Nadu and across India.
Format of the IFSC Code SBIN0016561
The format of the IFSC Code for banks, including State Bank Of India, follows 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 Vanagaram in Chennai.
For example, the IFSC Code SBIN0016561 of State Bank Of India for the Vanagaram branch includes these elements, identifying the bank and the branch location in Chennai and Tamil Nadu accurately.
How to Find IFSC Code for State Bank Of India?
If you are looking for the IFSC Code SBIN0016561 of State Bank Of India for its Vanagaram branch located in Chennai, the following methods can help:
Cheque Book
The cheque book that is issued by State Bank Of India includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the banks, including State Bank Of India branches in Chennai and Chennai, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of State Bank Of India and look for the branch locator section, then search for Vanagaram or Chennai to get the exact IFSC Code SBIN0016561.
Mobile Banking App
If you use State Bank Of India's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for State Bank Of India and Chennai, then it will provide you proper information.
How to Use IFSC Code SBIN0016561 for Online Transfers?
Once you have the IFSC Code SBIN0016561 for the Vanagaram branch of State Bank Of India in Chennai, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code SBIN0016561. 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 SBIN0016561.
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 Vanagaram in Chennai, 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 Vanagaram, 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 Chennai manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code of the Vanagaram Chennai branch is SBIN0016561.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at 61, Radhae Shyam Complex, Vanagaram Ambattur Salai, Vanaaram, Chennai. Tamil Nadu 600095.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.