IFSC Code of State Bank Of India, Transport Nagar, Gwalior, Gwalior, Madhya Pradesh- SBIN0016593

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 Transport Nagar, Gwalior branch in Gwalior, Gwalior, Madhya 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 Gwalior or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code SBIN0016593. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for State Bank Of India, Transport Nagar, Gwalior, Gwalior

Below in the table are the key details related to IFSC Code SBIN0016593 of State Bank Of India for its branch located in Gwalior, within the district of Gwalior in the state of Madhya Pradesh.

These details are essential not only for online banking users but also for businesses and individuals who use State Bank Of India in Gwalior for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0016593 for the Transport Nagar, Gwalior 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, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including State Bank Of India located in Transport Nagar, Gwalior, Gwalior, Madhya Pradesh, is provided with a unique IFSC like SBIN0016593 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 Gwalior.
• 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 Gwalior and Gwalior.
• 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 Transport Nagar, Gwalior do not get mixed with another location.

Format of the IFSC Code SBIN0016593

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 Transport Nagar, Gwalior in Gwalior.

For example, the IFSC Code SBIN0016593 of State Bank Of India for the Transport Nagar, Gwalior branch includes these elements, identifying the bank and the branch location in Gwalior and Madhya Pradesh correctly.

How to Find IFSC Code for State Bank Of India?

If you are trying to find the IFSC Code SBIN0016593 of State Bank Of India for its Transport Nagar, Gwalior branch located in Gwalior, 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

You can easily find the IFSC and MICR codes because most banks, including State Bank Of India branches in Gwalior and Gwalior, print them 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 Transport Nagar, Gwalior or Gwalior to get the exact IFSC Code SBIN0016593.

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 Gwalior, you'll get the correct details.

How to Use IFSC Code SBIN0016593 for Online Transfers?

If you have the IFSC Code SBIN0016593 for the Transport Nagar, Gwalior branch of State Bank Of India in Gwalior, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SBIN0016593. Transfers are processed in batches. 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. Asks for the recipient's account details and State Bank Of India IFSC Code SBIN0016593.

Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for State Bank Of India Transport Nagar, Gwalior in Gwalior, it 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 Transport Nagar, Gwalior, 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 Gwalior to handle online money transfers and get their cheques cleared smoothly.