IFSC Code of State Bank Of India, Poovam, Poovam, Kerala — SBIN0061442

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 Poovam branch in Kannur, Poovam, Kerala, 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 Kannur or anywhere in Kerala can transfer funds instantly by using the correct IFSC Code SBIN0061442. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for State Bank Of India, Poovam, Kannur

Here are the main details that are associated with the IFSC Code SBIN0061442 of State Bank Of India for its branch located in Kannur, within the district of Poovam in the state of Kerala.

These details are important not only for users using online banking but also for businesses and individuals who use State Bank Of India in Kannur for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SBIN0061442 for the Poovam branch of State Bank Of India is vital.

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 SBIN0061442 is given to every bank branch, including State Bank Of India located in Poovam, Kannur, Kerala, 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 Kannur.
• 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 Kannur and Poovam.
• 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 Kerala and the rest of India, which is why the IFSC Code ensures that transactions meant for State Bank Of India in Poovam doesn't end up at another location.

Format of the IFSC Code SBIN0061442

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 Poovam in Kannur.

For example, the IFSC Code SBIN0061442 of State Bank Of India for the Poovam branch includes these elements, identifying the bank and the branch location in Kannur and Kerala accurately.

How to Find IFSC Code for State Bank Of India?

If you are trying to find the IFSC Code SBIN0061442 of State Bank Of India for its Poovam branch located in Kannur, 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

Most banks, including State Bank Of India branches in Kannur and Poovam, print the IFSC and MICR codes 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 Poovam or Kannur to get the exact IFSC Code SBIN0061442.

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 Kannur, you'll get the correct details.

How to Use IFSC Code SBIN0061442 for Online Transfers?

Once you have the IFSC Code SBIN0061442 for the Poovam branch of State Bank Of India in Kannur, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SBIN0061442. 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 SBIN0061442.

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 Poovam in Kannur 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 Poovam, 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 Kannur manage online transfers as well as cheque clearances with ease.