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 Palliyadi branch in Kanniyakumari, Palliyadi, or Tamil Nadu, 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 Kanniyakumari or anywhere in Tamil Nadu can transfer funds instantly by using the correct IFSC Code SBIN0070567. 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, Palliyadi, Kanniyakumari

Here are the key points that are associated with the IFSC Code SBIN0070567 of State Bank Of India for its branch located in Kanniyakumari, within the district of Palliyadi in the state of Tamil Nadu.

Particulars Details
Bank State Bank Of India
IFSC Code SBIN0070567
Branch Palliyadi
City Kanniyakumari
District Palliyadi
State Tamil Nadu
Address Mulagumooduroad,Palliyadipo629169Palliyadiatsbtcoin

These details help users in online banking and for businesses and individuals who use State Bank Of India in Kanniyakumari for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0070567 for the Palliyadi 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 Palliyadi, Kanniyakumari, Tamil Nadu, are allotted a unique IFSC like SBIN0070567 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Kanniyakumari.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents confusion between different branches of the same bank in places like Kanniyakumari and Palliyadi.
  • 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 Palliyadi reaches the right place, even though there are thousands of branches in Tamil Nadu and across India.

Format of the IFSC Code SBIN0070567

The format of the IFSC Code for banks, including State Bank Of India, has 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 Palliyadi in Kanniyakumari.

For example, the IFSC Code SBIN0070567 of State Bank Of India for the Palliyadi branch includes these elements, identifying the bank and the branch location in Kanniyakumari and Tamil Nadu correctly.

How to Find IFSC Code for State Bank Of India?

If you are looking for the IFSC Code SBIN0070567 of State Bank Of India for its Palliyadi branch located in Kanniyakumari, 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 Kanniyakumari and Palliyadi, 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 Palliyadi or Kanniyakumari to get the exact IFSC Code SBIN0070567.

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 Kanniyakumari, then it will provide you proper information.

How to Use IFSC Code SBIN0070567 for Online Transfers?

Once you have the IFSC Code SBIN0070567 for the Palliyadi branch of State Bank Of India in Kanniyakumari, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SBIN0070567. 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 SBIN0070567.

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 Palliyadi in Kanniyakumari 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 Palliyadi, 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 Kanniyakumari 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 Palliyadi, Kanniyakumari?

The IFSC Code is SBIN0070567.

Is the IFSC Code SBIN0070567 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 Palliyadi?

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 Palliyadi branch?

The address of the branch is Mulagumooduroad,Palliyadipo629169Palliyadiatsbtcoin located in Kanniyakumari, Palliyadi, Tamil Nadu.

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.