The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of State Bank Of India for its Gardhiwala branch in Hosiarpur, Gardhiwala, Punjab, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of State Bank Of India located in Hosiarpur or anywhere in Punjab can transfer funds instantly by using the correct IFSC Code SBIN0010740. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for State Bank Of India, Gardhiwala, Hosiarpur
Below in the table are the key details related to IFSC Code SBIN0010740 of State Bank Of India for its branch located in Hosiarpur, within the district of Gardhiwala in the state of Punjab.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0010740 |
| Branch | Gardhiwala |
| City | Hosiarpur |
| District | Gardhiwala |
| State | Punjab |
| Address | Gardhiwala P O,Dasuya Roaddausya Taluk,Hoshiarpur Distpunjab |
These details are essential not only for online banking users but also for businesses and individuals who use State Bank Of India in Hosiarpur for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0010740 for the Gardhiwala 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 Gardhiwala, Hosiarpur, Punjab, is provided a unique IFSC like SBIN0010740 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 Hosiarpur.
- 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 Hosiarpur and Gardhiwala.
- 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 Punjab and the rest of India, the IFSC Code ensures that transactions meant for State Bank Of India in Gardhiwala do not get misguided to another person.
Format of the IFSC Code SBIN0010740
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 Gardhiwala in Hosiarpur.
For example, the IFSC Code SBIN0010740 of State Bank Of India for the Gardhiwala branch includes these elements, identifying the bank and the branch location in Hosiarpur and Punjab accurately.
How to Find IFSC Code for State Bank Of India?
To find the IFSC Code SBIN0010740 of State Bank Of India for its Gardhiwala branch located in Hosiarpur, 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 Hosiarpur and Gardhiwala, 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 Gardhiwala or Hosiarpur to find the exact IFSC Code SBIN0010740.
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 Hosiarpur will provide accurate information.
How to Use IFSC Code SBIN0010740 for Online Transfers?
If you have the IFSC Code SBIN0010740 for the Gardhiwala branch of State Bank Of India in Hosiarpur, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SBIN0010740. 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 SBIN0010740.
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 Gardhiwala in Hosiarpur, 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 Gardhiwala, 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 Hosiarpur manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is SBIN0010740.
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 Gardhiwala P O,Dasuya Roaddausya Taluk,Hoshiarpur Distpunjab located in Hosiarpur, Gardhiwala, Punjab.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.