IFSC Code of State Bank Of India, Chirec Avenue Kondapur, Hyderabad, Telangana — SBIN0018655

There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of State Bank Of India for its Chirec Avenue Kondapur branch in Hyderabad, Hyderabad, Telangana, then this comprehensive guide will provide you with detailed information.

The banking system in India has changed over time, and today the customers of State Bank Of India situated in Hyderabad or anywhere in Telangana can easily transfer funds instantly by using the correct IFSC Code SBIN0018655. You should 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, Chirec Avenue Kondapur, Hyderabad

Below in the table are the key details related to IFSC Code SBIN0018655 of State Bank Of India for its branch located in Hyderabad, within the district of Hyderabad in the state of Telangana.

These details are essential not only for online banking users but also for businesses and individuals who use State Bank Of India in Hyderabad for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0018655 for the Chirec Avenue Kondapur 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 that is provided by the Reserve Bank of India. A unique IFSC like SBIN0018655 is given to every bank branch, including State Bank Of India located in Chirec Avenue Kondapur, Hyderabad, Telangana, 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 Hyderabad.
• 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 Hyderabad and Hyderabad.
• 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 Telangana and the rest of India, which is why the IFSC Code ensures that transactions meant for State Bank Of India in Chirec Avenue Kondapur doesn't end up at another location.

Format of the IFSC Code SBIN0018655

This is the format of the IFSC Code for banks, including State Bank Of India, follows an 11-character structure:

AAAA0CCCCCC

Here's the explanation:

• First 4 characters (AAAA): This is the bank code. For State Bank Of India, these characters are the bank's short identifier.
• 5th character (0): This stays zero till there is any future use.
• Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Chirec Avenue Kondapur in Hyderabad.

For example, the IFSC Code SBIN0018655 of State Bank Of India for the Chirec Avenue Kondapur branch includes these elements, identifying the bank and the branch location in Hyderabad and Telangana accurately.

How to Find IFSC Code for State Bank Of India?

If you are trying to find the IFSC Code SBIN0018655 of State Bank Of India for its Chirec Avenue Kondapur branch located in Hyderabad, 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 Hyderabad and Hyderabad, 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 Chirec Avenue Kondapur or Hyderabad to get the exact IFSC Code SBIN0018655.

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 Hyderabad, you'll get the correct details.

How to Use IFSC Code SBIN0018655 for Online Transfers?

Once you have the IFSC Code SBIN0018655 for the Chirec Avenue Kondapur branch of State Bank Of India in Hyderabad, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code SBIN0018655. The transfer is completed in batches. It is useful for both personal and business payments.

RTGS

Used for payments over ₹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 SBIN0018655.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the State Bank Of India Chirec Avenue Kondapur in Hyderabad, your payment can get delayed or might not go through at all.

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 Chirec Avenue Kondapur, 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 Hyderabad to handle online money transfers and get their cheques cleared smoothly.