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 Parmeshwarpur branch in Gorakhpur, Gorakhpur, Uttar Pradesh, 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 Gorakhpur or anywhere in Uttar Pradesh can transfer funds instantly by using the correct IFSC Code SBIN0016735. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for State Bank Of India, Parmeshwarpur, Gorakhpur
Here are some of the key details that come with the IFSC Code SBIN0016735 of State Bank Of India for its branch located in Gorakhpur, within the district of Gorakhpur in the state of Uttar Pradesh.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0016735 |
| Branch | Parmeshwarpur |
| City | Gorakhpur |
| District | Gorakhpur |
| State | Uttar Pradesh |
| Address | Parmeshwarpur,Vill Maharajganj Chayraha,Post Parmeshwarpur,Distt.Gorakhpur.Uttar Pradesh 273007 |
These details are essential not only for online banking users but also for businesses and individuals who use State Bank Of India in Gorakhpur for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0016735 for the Parmeshwarpur 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, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including State Bank Of India located in Parmeshwarpur, Gorakhpur, Uttar Pradesh, is provided a unique IFSC like SBIN0016735 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the State Bank Of India branch in Gorakhpur.
- Helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any confusions between multiple branches of the same bank across different places like Gorakhpur and Gorakhpur.
- It reduces most of the errors in fund transfers and makes sure its accuracy.
- It enables sender banks to validate and confirm branch details before processing payments.
For thousands of branches across Uttar Pradesh and the rest of India, the IFSC Code ensures that transactions meant for State Bank Of India in Parmeshwarpur do not get misguided to another person.
Format of the IFSC Code SBIN0016735
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 Parmeshwarpur in Gorakhpur.
For example, the IFSC Code SBIN0016735 of State Bank Of India for the Parmeshwarpur 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?
If you are trying to find the IFSC Code SBIN0016735 of State Bank Of India for its Parmeshwarpur branch located in Gorakhpur, 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 Gorakhpur and Gorakhpur, 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 Parmeshwarpur or Gorakhpur to get the exact IFSC Code SBIN0016735.
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 Gorakhpur, you'll get the correct details.
How to Use IFSC Code SBIN0016735 for Online Transfers?
Once you have the IFSC Code SBIN0016735 for the Parmeshwarpur 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 SBIN0016735. 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 SBIN0016735.
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 Parmeshwarpur 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 Parmeshwarpur, here are some ways to obtain 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.
Having both the IFSC and MICR codes makes it easy for account holders in Gorakhpur to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is SBIN0016735.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Parmeshwarpur,Vill Maharajganj Chayraha,Post Parmeshwarpur,Distt.Gorakhpur.Uttar Pradesh 273007 located in Gorakhpur, Gorakhpur, Uttar Pradesh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.