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 Kanjikoil branch in Erode, Kanjikoil, Tamil Nadu, 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 Erode or anywhere in Tamil Nadu can easily transfer funds instantly by using the correct IFSC Code SBIN0014178. 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, Kanjikoil, Erode

Below in the table are the key details related to IFSC Code SBIN0014178 of State Bank Of India for its branch located in Erode, within the district of Kanjikoil in the state of Tamil Nadu.

Particulars Details
Bank State Bank Of India
IFSC Code SBIN0014178
Branch Kanjikoil
City Erode
District Kanjikoil
State Tamil Nadu
Address 94,Perundurai Road,Karukkan Thottam,Kanjikoil,Dist Erode 638116

These details are essential not only for online banking users but also for businesses and individuals who use State Bank Of India in Erode for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0014178 for the Kanjikoil 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 Kanjikoil, Erode, Tamil Nadu, are given a unique IFSC like SBIN0014178 to ensure that online payments reach the right destination.

The IFSC Code is important because:

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

Format of the IFSC Code SBIN0014178

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 Kanjikoil in Erode.

For example, the IFSC Code SBIN0014178 of State Bank Of India for the Kanjikoil branch includes these elements, identifying the bank and the branch location in Erode and Tamil Nadu accurately.

How to Find IFSC Code for State Bank Of India?

If you are trying to find the IFSC Code SBIN0014178 of State Bank Of India for its Kanjikoil branch located in Erode, 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

Most banks, including State Bank Of India branches in Erode and Kanjikoil, print the IFSC and MICR codes 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 Kanjikoil or Erode to get the exact IFSC Code SBIN0014178.

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 Erode, you'll get the correct details.

How to Use IFSC Code SBIN0014178 for Online Transfers?

If you have the IFSC Code SBIN0014178 for the Kanjikoil branch of State Bank Of India in Erode, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SBIN0014178. Transfers are processed in batches. Suitable for 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. Asks for the recipient's account details and State Bank Of India IFSC Code SBIN0014178.

Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for State Bank Of India Kanjikoil in Erode, it may result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of State Bank Of India in Kanjikoil, you can find it by any of the following ways:

  • Check the bottom of your cheque leaf.
  • Go to the first page of your passbook.
  • Visit the official State Bank Of India website.
  • Search the RBI portal.

Having both IFSC and MICR codes helps account holders in Erode manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of State Bank Of India in Kanjikoil, Erode?

The IFSC Code is SBIN0014178.

Is the IFSC Code SBIN0014178 permanent?

Yes, but there can be changes during mergers or restructuring.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and the IFSC is for online transfers.

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

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

What is the full address of the Kanjikoil branch?

The address of the branch is 94,Perundurai Road,Karukkan Thottam,Kanjikoil,Dist Erode 638116 located in Erode, Kanjikoil, Tamil Nadu.

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.