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 Perumbavoor branch in Ernakulam, Perumbavoor, Kerala, 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 Ernakulam or anywhere in Kerala can transfer funds instantly by using the correct IFSC Code SBIN0070154. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for State Bank Of India, Perumbavoor, Ernakulam
The table below shows the main details of the IFSC Code SBIN0070154 for the State Bank Of India branch in Ernakulam, which falls under the Perumbavoor district in Kerala.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0070154 |
| Branch | Perumbavoor |
| City | Ernakulam |
| District | Perumbavoor |
| State | Kerala |
| Address | Pbno1,Istfloor,Christurajshoppingcomplex,Perumbavoorpo683542Perumbavooratsbtcoin |
These details helps users in online banking and for businesses and individuals who use State Bank Of India in Ernakulam for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0070154 for the Perumbavoor 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 Perumbavoor, Ernakulam, Kerala, are given a unique IFSC like SBIN0070154 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Ernakulam.
- 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 Ernakulam and Perumbavoor.
- 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 Perumbavoor goes to the correct branch. This is important because State Bank Of India has thousands of branches in Kerala and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code SBIN0070154
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 Perumbavoor in Ernakulam.
For example, the IFSC Code SBIN0070154 of State Bank Of India for the Perumbavoor branch includes these elements, identifying the bank and the branch location in Ernakulam and Kerala accurately.
How to Find IFSC Code for State Bank Of India?
To find the IFSC Code SBIN0070154 of State Bank Of India for its Perumbavoor branch located in Ernakulam, 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 Ernakulam and Perumbavoor, 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 Perumbavoor or Ernakulam to find the exact IFSC Code SBIN0070154.
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 Ernakulam will provide accurate information.
How to Use IFSC Code SBIN0070154 for Online Transfers?
Once you have the IFSC Code SBIN0070154 for the Perumbavoor branch of State Bank Of India in Ernakulam, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code SBIN0070154. 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 SBIN0070154.
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 Perumbavoor in Ernakulam, 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 Perumbavoor, 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 Ernakulam manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is SBIN0070154.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Pbno1,Istfloor,Christurajshoppingcomplex,Perumbavoorpo683542Perumbavooratsbtcoin located in Ernakulam, Perumbavoor, Kerala.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.