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 Junnardeo branch in Chhindwara, Junnardeo, Madhya Pradesh, 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 Chhindwara or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code SBIN0001473. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for State Bank Of India, Junnardeo, Chhindwara

The table below shows the main details of the IFSC Code SBIN0001473 for the State Bank Of India branch in Chhindwara, which falls under the Junnardeo district in Madhya Pradesh.

Particulars Details
Bank State Bank Of India
IFSC Code SBIN0001473
Branch Junnardeo
City Chhindwara
District Junnardeo
State Madhya Pradesh
Address Dist Chhindwara, Madhya Pradesh 480551

These details help users in online banking and for businesses and individuals who use State Bank Of India in Chhindwara for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0001473 for the Junnardeo branch of State Bank Of India has a very 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 Junnardeo, Chhindwara, Madhya Pradesh, is provided with a unique IFSC like SBIN0001473 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 Chhindwara.
  • 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 Chhindwara and Junnardeo.
  • 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 Madhya Pradesh and the rest of India and the IFSC Code ensures that transactions meant for State Bank Of India in Junnardeo do not get mixed with another location.

Format of the IFSC Code SBIN0001473

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 Junnardeo in Chhindwara.

For example, the IFSC Code SBIN0001473 of State Bank Of India for the Junnardeo branch includes these elements, identifying the bank and the branch location in Chhindwara and Madhya Pradesh correctly.

How to Find IFSC Code for State Bank Of India?

To find the IFSC Code SBIN0001473 of State Bank Of India for its Junnardeo branch located in Chhindwara, 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 Chhindwara and Junnardeo, 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 Junnardeo or Chhindwara to find the exact IFSC Code SBIN0001473.

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 Chhindwara will provide accurate information.

How to Use IFSC Code SBIN0001473 for Online Transfers?

Once you have the IFSC Code SBIN0001473 for the Junnardeo branch of State Bank Of India in Chhindwara, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SBIN0001473. Transfers are processed in batches. Suitable for personal and business payments.

RTGS

Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. You need the recipient's account details and State Bank Of India IFSC Code SBIN0001473.

Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for State Bank Of India Junnardeo in Chhindwara, it can result in delayed or failed transactions.

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 Junnardeo, 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 Chhindwara 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 Junnardeo, Chhindwara?

The IFSC Code is SBIN0001473.

Is the IFSC Code SBIN0001473 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

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

You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Junnardeo branch?

The address of the branch is Dist Chhindwara, Madhya Pradesh 480551 located in Chhindwara, Junnardeo, Madhya Pradesh.

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.