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 Lavarpur branch in Gandhinagar, Lavarpur, Gujarat, 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 Gandhinagar or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code SBIN0005695. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for State Bank Of India, Lavarpur, Gandhinagar

Here are some of the key details that come with the IFSC Code SBIN0005695 of State Bank Of India for its branch located in Gandhinagar, within the district of Lavarpur in the state of Gujarat.

Particulars Details
Bank State Bank Of India
IFSC Code SBIN0005695
Branch Lavarpur
City Gandhinagar
District Lavarpur
State Gujarat
Address Dist Gandhinagar, Gujarat 382 355

These details help users in online banking and for businesses and individuals who use State Bank Of India in Gandhinagar for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0005695 for the Lavarpur 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, along with State Bank Of India located in Lavarpur, Gandhinagar, Gujarat, are allotted a unique IFSC like SBIN0005695 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Gandhinagar.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents confusion between different branches of the same bank in places like Gandhinagar and Lavarpur.
  • 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 Lavarpur reaches the right place, even though there are thousands of branches in Gujarat and across India.

Format of the IFSC Code SBIN0005695

The format of the IFSC Code for banks, including State Bank Of India, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown of this:

  • First 4 characters (AAAA): Represent the bank code. For State Bank Of India, these characters are the bank's short identifier.
  • 5th character (0): Always zero which is reserved for future use.
  • Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Lavarpur in Gandhinagar.

For example, the IFSC Code SBIN0005695 of State Bank Of India for the Lavarpur branch includes these elements, identifying the bank and the branch location in Gandhinagar and Gujarat accurately.

How to Find IFSC Code for State Bank Of India?

If you are trying to find the IFSC Code SBIN0005695 of State Bank Of India for its Lavarpur branch located in Gandhinagar, 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 Gandhinagar and Lavarpur, 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 Lavarpur or Gandhinagar to get the exact IFSC Code SBIN0005695.

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 Gandhinagar, you'll get the correct details.

How to Use IFSC Code SBIN0005695 for Online Transfers?

Once you have the IFSC Code SBIN0005695 for the Lavarpur branch of State Bank Of India in Gandhinagar, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code SBIN0005695. 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 SBIN0005695.

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 Lavarpur in Gandhinagar, 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 Lavarpur, 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 Gandhinagar manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of State Bank Of India in Lavarpur, Gandhinagar?

The IFSC Code is SBIN0005695.

Is the IFSC Code SBIN0005695 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 Lavarpur?

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 Lavarpur branch?

The address of the branch is Dist Gandhinagar, Gujarat 382 355 located in Gandhinagar, Lavarpur, Gujarat.

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.