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. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of State Bank Of India for its Gurgaonmini Sectt. branch in Gurgaon, Gurgaon, or Haryana, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the customers of State Bank Of India located in Gurgaon or anywhere in Haryana can transfer funds instantly by using the correct IFSC Code SBIN0050640. 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, Gurgaonmini Sectt., Gurgaon
Below in the table are the key details related to IFSC Code SBIN0050640 of State Bank Of India for its branch located in Gurgaon, within the district of Gurgaon in the state of Haryana.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0050640 |
| Branch | Gurgaonmini Sectt. |
| City | Gurgaon |
| District | Gurgaon |
| State | Haryana |
| Address | Admn Judicial Complexmini Secttgurgaon |
These details helps users in online banking and for businesses and individuals who use State Bank Of India in Gurgaon for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0050640 for the Gurgaonmini Sectt. branch of State Bank Of India plays a vital role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like SBIN0050640 is given to every bank branch, including State Bank Of India located in Gurgaonmini Sectt., Gurgaon, Haryana, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the State Bank Of India branch in Gurgaon.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any kind of confusion between multiple branches of the same bank across different places like Gurgaon and Gurgaon.
- It removes errors in fund transfers and improves accuracy.
- It lets the sender banks validate and confirm branch details before they process the payments.
There are thousands of branches across Haryana and the rest of India, which is why the IFSC Code ensures that transactions meant for State Bank Of India in Gurgaonmini Sectt. doesn't end up at another location.
Format of the IFSC Code SBIN0050640
The format of the IFSC Code for banks, including State Bank Of India, has 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 Gurgaonmini Sectt. in Gurgaon.
For example, the IFSC Code SBIN0050640 of State Bank Of India for the Gurgaonmini Sectt. branch includes these elements, identifying the bank and the branch location in Gurgaon and Haryana correctly.
How to Find IFSC Code for State Bank Of India?
To find the IFSC Code SBIN0050640 of State Bank Of India for its Gurgaonmini Sectt. branch located in Gurgaon, 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 Gurgaon and Gurgaon, 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 Gurgaonmini Sectt. or Gurgaon to find the exact IFSC Code SBIN0050640.
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 Gurgaon will provide accurate information.
How to Use IFSC Code SBIN0050640 for Online Transfers?
Once you have the IFSC Code SBIN0050640 for the Gurgaonmini Sectt. branch of State Bank Of India in Gurgaon, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SBIN0050640. 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 SBIN0050640.
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 Gurgaonmini Sectt. in Gurgaon, 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 Gurgaonmini Sectt., 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 Gurgaon manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is SBIN0050640.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Admn Judicial Complexmini Secttgurgaon located in Gurgaon, Gurgaon, Haryana.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
