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 Kotkapura Moga Road branch in Faridkot, Kot Kapura, Punjab, 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 Faridkot or anywhere in Punjab can transfer funds instantly by using the correct IFSC Code SBIN0050667. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for State Bank Of India, Kotkapura Moga Road, Faridkot
Here are some of the key details that come with the IFSC Code SBIN0050667 of State Bank Of India for its branch located in Faridkot, within the district of Kot Kapura in the state of Punjab.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0050667 |
| Branch | Kotkapura Moga Road |
| City | Faridkot |
| District | Kot Kapura |
| State | Punjab |
| Address | Moga Road Kotkapura |
These details are essential not only for online banking users but also for businesses and individuals who use State Bank Of India in Faridkot for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0050667 for the Kotkapura Moga Road 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 Kotkapura Moga Road, Faridkot, Punjab, are allotted a unique IFSC like SBIN0050667 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Faridkot.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Faridkot and Kot Kapura.
- 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 Kotkapura Moga Road reaches the right place, even though there are thousands of branches in Punjab and across India.
Format of the IFSC Code SBIN0050667
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 Kotkapura Moga Road in Faridkot.
For example, the IFSC Code SBIN0050667 of State Bank Of India for the Kotkapura Moga Road branch includes these elements, identifying the bank and the branch location in Faridkot and Punjab accurately.
How to Find IFSC Code for State Bank Of India?
If you are trying to find the IFSC Code SBIN0050667 of State Bank Of India for its Kotkapura Moga Road branch located in Faridkot, the following methods can help:
Cheque Book
The cheque books that are issued by State Bank Of India include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including State Bank Of India branches in Faridkot and Kot Kapura, 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 find the branch locator section. Search for Kotkapura Moga Road or Faridkot to get the exact IFSC Code SBIN0050667.
Mobile Banking App
If you use State Bank Of India's mobile app, you can easily 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 to help you in searching for State Bank Of India and Faridkot that will provide accurate information.
How to Use IFSC Code SBIN0050667 for Online Transfers?
Once you have the IFSC Code SBIN0050667 for the Kotkapura Moga Road branch of State Bank Of India in Faridkot, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SBIN0050667. 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 SBIN0050667.
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 Kotkapura Moga Road in Faridkot, it can 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 Kotkapura Moga Road, 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 Faridkot manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Kotkapura Moga Road Faridkot branch is SBIN0050667.
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 Moga Road Kotkapura.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.