IFSC Code of State Bank Of India, Banavara, Banavar, Karnataka — SBIN0040873

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 Banavara branch in Hassan, Banavar, or Karnataka, 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 Hassan or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code SBIN0040873. 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, Banavara, Hassan

Below in the table are the key details related to IFSC Code SBIN0040873 of State Bank Of India for its branch located in Hassan, within the district of Banavar in the state of Karnataka.

These details help users in online banking and for businesses and individuals who use State Bank Of India in Hassan for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0040873 for the Banavara 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 Banavara, Hassan, Karnataka, are allotted a unique IFSC like SBIN0040873 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It clearly tells which bank branch it is in Hassan.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It prevents confusion between different branches of the same bank in places like Hassan and Banavar.
• It reduces errors in fund transfers and improves accuracy.
• It helps the sender banks to validate and confirm branch details before processing payments.

It makes sure that money sent to State Bank Of India in Banavara reaches the right place, even though there are thousands of branches in Karnataka and across India.

Format of the IFSC Code SBIN0040873

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 Banavara in Hassan.

For example, the IFSC Code SBIN0040873 of State Bank Of India for the Banavara branch includes these elements, identifying the bank and the branch location in Hassan and Karnataka accurately.

How to Find IFSC Code for State Bank Of India?

To find the IFSC Code SBIN0040873 of State Bank Of India for its Banavara branch located in Hassan, 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 Hassan and Banavar, 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 Banavara or Hassan to find the exact IFSC Code SBIN0040873.

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 Hassan will provide accurate information.

How to Use IFSC Code SBIN0040873 for Online Transfers?

Once you have the IFSC Code SBIN0040873 for the Banavara branch of State Bank Of India in Hassan, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SBIN0040873. 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 SBIN0040873.

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 Banavara in Hassan may result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of State Bank Of India in Banavara, here are some of the ways 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.

Knowing both IFSC and MICR code can help account holders in Hassan manage their online transfers and cheque clearances easily.