IFSC Code of State Bank Of India, Punnad, Punnad, Kerala — SBIN0070384

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 Punnad branch in Kannur, Punnad, 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 Kannur or anywhere in Kerala can transfer funds instantly by using the correct IFSC Code SBIN0070384. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

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

Below in the table are the key details related to IFSC Code SBIN0070384 of State Bank Of India for its branch located in Kannur, within the district of Punnad in the state of Kerala.

These details helps users in online banking and for businesses and individuals who use State Bank Of India in Kannur for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0070384 for the Punnad branch of State Bank Of India plays a vital 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 SBIN0070384 is given to every bank branch, including State Bank Of India located in Punnad, 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 Punnad.
• 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 Punnad doesn't end up at another location.

Format of the IFSC Code SBIN0070384

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

AAAA0CCCCCC

Here's the breakdown:

• First 4 characters (AAAA): These represent the bank code. In State Bank Of India, they are a short identifier for the bank.
• 5th character (0): This is always zero and is reserved for future use.
• Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Punnad in Kannur.

For example, the IFSC Code SBIN0070384 of State Bank Of India for the Punnad branch has these elements, identifying the bank and the branch location in Kannur and Kerala correctly.

How to Find IFSC Code for State Bank Of India?

If you are looking for the IFSC Code SBIN0070384 of State Bank Of India for its Punnad branch located in Kannur, 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 Kannur and Punnad, 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 Punnad or Kannur to get the exact IFSC Code SBIN0070384.

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 Kannur, then it will provide you proper information.

How to Use IFSC Code SBIN0070384 for Online Transfers?

If you have the IFSC Code SBIN0070384 for the Punnad branch of State Bank Of India in Kannur, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SBIN0070384. Transfers are processed in batches. 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. Asks for the recipient's account details and State Bank Of India IFSC Code SBIN0070384.

Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for State Bank Of India Punnad in Kannur, it 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 Punnad, 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 Kannur to handle online money transfers and get their cheques cleared smoothly.