IFSC Code of State Bank Of India, Milloniganj, Bhopal, Madhya Pradesh — SBIN0001507

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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of State Bank Of India for its Milloniganj branch in Jabalpur, Bhopal, Madhya Pradesh, then this guide will give you detailed information.

The banking system has evolved significantly in India, and today the customers of State Bank Of India located in Jabalpur or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code SBIN0001507. 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, Milloniganj, Jabalpur

Below in the table are the key details related to IFSC Code SBIN0001507 of State Bank Of India for its branch located in Jabalpur, within the district of Bhopal in the state of Madhya Pradesh.

These details help users in online banking and for businesses and individuals who use State Bank Of India in Jabalpur for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0001507 for the Milloniganj 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, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including State Bank Of India located in Milloniganj, Jabalpur, Madhya Pradesh, is provided a unique IFSC like SBIN0001507 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 Jabalpur.
• 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 Jabalpur and Bhopal.
• 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 Madhya Pradesh and the rest of India, the IFSC Code ensures that transactions meant for State Bank Of India in Milloniganj do not get misguided to another person.

Format of the IFSC Code SBIN0001507

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 Milloniganj in Jabalpur.

For example, the IFSC Code SBIN0001507 of State Bank Of India for the Milloniganj branch includes these elements, identifying the bank and the branch location in Jabalpur and Madhya Pradesh accurately.

How to Find IFSC Code for State Bank Of India?

To find the IFSC Code SBIN0001507 of State Bank Of India for its Milloniganj branch located in Jabalpur, 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 Jabalpur and Bhopal, 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 Milloniganj or Jabalpur to find the exact IFSC Code SBIN0001507.

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 Jabalpur will provide accurate information.

How to Use IFSC Code SBIN0001507 for Online Transfers?

Once you have the IFSC Code SBIN0001507 for the Milloniganj branch of State Bank Of India in Jabalpur, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code SBIN0001507. The transfer is completed in batches instead of instantly. It is useful for both 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 SBIN0001507.

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 Milloniganj in Jabalpur, 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 Milloniganj, 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 Jabalpur manage online transfers as well as cheque clearances with ease.