Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of State Bank Of India for its Bavrikhera branch in Guna, Bavrikharaq, Madhya Pradesh, then this guide will give you detailed information.

The banking system has evolved significantly in India, and today the customers of State Bank Of India located in Guna or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code SBIN0008455. You should definitely 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, Bavrikhera, Guna

Below in the table are the key details related to IFSC Code SBIN0008455 of State Bank Of India for its branch located in Guna, within the district of Bavrikharaq in the state of Madhya Pradesh.

Particulars Details
Bank State Bank Of India
IFSC Code SBIN0008455
Branch Bavrikhera
City Guna
District Bavrikharaq
State Madhya Pradesh
Address Bavrikharanfl Complex, Bavrikharaq Vill.,Distt Guna,Mp,Pin 473111

These details help users in online banking and for businesses and individuals who use State Bank Of India in Guna for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0008455 for the Bavrikhera 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, including State Bank Of India located in Bavrikhera, Guna, Madhya Pradesh, is provided with a unique IFSC like SBIN0008455 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It uniquely identifies the State Bank Of India branch in Guna.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any errors or confusions between multiple branches of the same bank across different places like Guna and Bavrikharaq.
  • It reduces errors in fund transfers and improves accuracy.
  • It allows sender banks to validate and confirm branch details before processing payments.

There are thousands of branches across Madhya Pradesh and the rest of India and the IFSC Code ensures that transactions meant for State Bank Of India in Bavrikhera do not get mixed with another location.

Format of the IFSC Code SBIN0008455

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 Bavrikhera in Guna.

For example, the IFSC Code SBIN0008455 of State Bank Of India for the Bavrikhera branch includes these elements, identifying the bank and the branch location in Guna and Madhya Pradesh accurately.

How to Find IFSC Code for State Bank Of India?

To find the IFSC Code SBIN0008455 of State Bank Of India for its Bavrikhera branch located in Guna, 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 Guna and Bavrikharaq, 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 Bavrikhera or Guna to find the exact IFSC Code SBIN0008455.

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 Guna will provide accurate information.

How to Use IFSC Code SBIN0008455 for Online Transfers?

Once you have the IFSC Code SBIN0008455 for the Bavrikhera branch of State Bank Of India in Guna, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SBIN0008455. Transfers are processed in batches. This is 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. Requires the recipient's account details and State Bank Of India IFSC Code SBIN0008455.

Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for State Bank Of India Bavrikhera in Guna may 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 Bavrikhera, 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 Guna to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of State Bank Of India Bavrikhera Guna?

The IFSC Code of the Bavrikhera Guna branch is SBIN0008455.

Is IFSC Code SBIN0008455 permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the State Bank Of India Bavrikhera branch?

The branch is located at Bavrikharanfl Complex, Bavrikharaq Vill.,Distt Guna,Mp,Pin 473111.

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.