The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of State Bank Of India for its Asuran Chowk branch in Gorakhpur, Gorakhpur, Uttar Pradesh, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of State Bank Of India located in Gorakhpur or anywhere in Uttar Pradesh can transfer funds instantly by using the correct IFSC Code SBIN0015503. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for State Bank Of India, Asuran Chowk, Gorakhpur
The table below shows the main details of the IFSC Code SBIN0015503 for the State Bank Of India branch in Gorakhpur, which falls under the Gorakhpur district in Uttar Pradesh.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0015503 |
| Branch | Asuran Chowk |
| City | Gorakhpur |
| District | Gorakhpur |
| State | Uttar Pradesh |
| Address | Mangalam Vihar Colony, Jail Road, Shahpur, Gorakhpur 273006 |
These details help users in online banking and for businesses and individuals who use State Bank Of India in Gorakhpur for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0015503 for the Asuran Chowk 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 Asuran Chowk, Gorakhpur, Uttar Pradesh, are given a unique IFSC like SBIN0015503 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Gorakhpur.
- 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 Gorakhpur and Gorakhpur.
- 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 Asuran Chowk goes to the correct branch. This is important because State Bank Of India has thousands of branches in Uttar Pradesh and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code SBIN0015503
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 Asuran Chowk in Gorakhpur.
For example, the IFSC Code SBIN0015503 of State Bank Of India for the Asuran Chowk branch includes these elements, identifying the bank and the branch location in Gorakhpur and Uttar Pradesh accurately.
How to Find IFSC Code for State Bank Of India?
To find the IFSC Code SBIN0015503 of State Bank Of India for its Asuran Chowk branch located in Gorakhpur, 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 Gorakhpur and Gorakhpur, 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 Asuran Chowk or Gorakhpur to find the exact IFSC Code SBIN0015503.
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 Gorakhpur will provide accurate information.
How to Use IFSC Code SBIN0015503 for Online Transfers?
Once you have the IFSC Code SBIN0015503 for the Asuran Chowk branch of State Bank Of India in Gorakhpur, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SBIN0015503. 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 SBIN0015503.
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 Asuran Chowk in Gorakhpur, 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 Asuran Chowk, here are some ways that 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.
If you know both IFSC and MICR codes, then it can help account holders in Gorakhpur manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is SBIN0015503.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Mangalam Vihar Colony, Jail Road, Shahpur, Gorakhpur 273006 located in Gorakhpur, Gorakhpur, Uttar Pradesh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.