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 Anakkara branch in Idukki, Anakkara, Kerala, 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 Idukki or anywhere in Kerala can transfer funds instantly by using the correct IFSC Code SBIN0070784. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for State Bank Of India, Anakkara, Idukki

Below in the table are the key details related to IFSC Code SBIN0070784 of State Bank Of India for its branch located in Idukki, within the district of Anakkara in the state of Kerala.

Particulars Details
Bank State Bank Of India
IFSC Code SBIN0070784
Branch Anakkara
City Idukki
District Anakkara
State Kerala
Address Pathayilarcade,Kumily-Kattapanaroad,8Thmile,Anakkara685512Anakkaraatsbtcoin

These details are crucial, not just for online banking users but also for businesses and individuals who use State Bank Of India in Idukki for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0070784 for the Anakkara branch of State Bank Of India has 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 Anakkara, Idukki, Kerala, is provided a unique IFSC like SBIN0070784 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 Idukki.
  • 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 Idukki and Anakkara.
  • 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 Kerala and the rest of India, the IFSC Code ensures that transactions meant for State Bank Of India in Anakkara do not get misguided to another person.

Format of the IFSC Code SBIN0070784

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

AAAA0CCCCCC

Here's the breakdown of this:

  • First 4 characters (AAAA): Represent the bank code. For State Bank Of India, these characters are the bank's short identifier.
  • 5th character (0): Always zero which is reserved for future use.
  • Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Anakkara in Idukki.

For example, the IFSC Code SBIN0070784 of State Bank Of India for the Anakkara branch includes these elements, identifying the bank and the branch location in Idukki and Kerala accurately.

How to Find IFSC Code for State Bank Of India?

If you are looking for the IFSC Code SBIN0070784 of State Bank Of India for its Anakkara branch located in Idukki, the following methods can help:

Cheque Book

The cheque book that is issued by State Bank Of India includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.

Passbook

Most of the banks, including State Bank Of India branches in Idukki and Anakkara, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

You can visit the official website of State Bank Of India and look for the branch locator section, then search for Anakkara or Idukki to get the exact IFSC Code SBIN0070784.

Mobile Banking App

If you use State Bank Of India's mobile app, you can check your account details to easily find your branch's IFSC code.

RBI Website

The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for State Bank Of India and Idukki, then it will provide you proper information.

How to Use IFSC Code SBIN0070784 for Online Transfers?

Once you have the IFSC Code SBIN0070784 for the Anakkara branch of State Bank Of India in Idukki, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SBIN0070784. 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 SBIN0070784.

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 Anakkara in Idukki may result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of State Bank Of India in Anakkara, you can find it by any of the following ways:

  • Check the bottom of your cheque leaf.
  • Go to the first page of your passbook.
  • Visit the official State Bank Of India website.
  • Search the RBI portal.

Having both IFSC and MICR codes helps account holders in Idukki manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of State Bank Of India in Anakkara, Idukki?

The IFSC Code is SBIN0070784.

Is the IFSC Code SBIN0070784 permanent?

Yes, but there can be changes during mergers or restructuring.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and the IFSC is for online transfers.

Where can I find the IFSC Code of State Bank Of India Anakkara?

You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Anakkara branch?

The address of the branch is Pathayilarcade,Kumily-Kattapanaroad,8Thmile,Anakkara685512Anakkaraatsbtcoin located in Idukki, Anakkara, Kerala.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.