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 Cac Kargil Chowk, Korutla branch in Korutla, Korutla, Telangana, 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 Korutla or anywhere in Telangana can transfer funds instantly by using the correct IFSC Code SBIN0062010. 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, Cac Kargil Chowk, Korutla, Korutla

The table below shows the main details of the IFSC Code SBIN0062010 for the State Bank Of India branch in Korutla, which falls under the Korutla district in Telangana.

Particulars Details
Bank State Bank Of India
IFSC Code SBIN0062010
Branch Cac Kargil Chowk, Korutla
City Korutla
District Korutla
State Telangana
Address Nayeem Building,Main Road,Korutla-505326

These details are essential not only for online banking users but also for businesses and individuals who use State Bank Of India in Korutla for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0062010 for the Cac Kargil Chowk, Korutla branch of State Bank Of India plays an 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 Cac Kargil Chowk, Korutla, Korutla, Telangana, are given a unique IFSC like SBIN0062010 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Korutla.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents any kind of confusion between different branches of the same bank in places like Korutla and Korutla.
  • It reduces errors in fund transfers and improves accuracy.
  • It helps the sender banks to validate and confirm branch details before processing payments.

It helps ensure that any money sent to State Bank Of India in Cac Kargil Chowk, Korutla goes to the correct branch. This is important because State Bank Of India has thousands of branches in Telangana and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code SBIN0062010

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 Cac Kargil Chowk, Korutla in Korutla.

For example, the IFSC Code SBIN0062010 of State Bank Of India for the Cac Kargil Chowk, Korutla branch includes these elements, identifying the bank and the branch location in Korutla and Telangana accurately.

How to Find IFSC Code for State Bank Of India?

To find the IFSC Code SBIN0062010 of State Bank Of India for its Cac Kargil Chowk, Korutla branch located in Korutla, 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 Korutla and Korutla, 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 Cac Kargil Chowk, Korutla or Korutla to find the exact IFSC Code SBIN0062010.

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 Korutla will provide accurate information.

How to Use IFSC Code SBIN0062010 for Online Transfers?

Once you have the IFSC Code SBIN0062010 for the Cac Kargil Chowk, Korutla branch of State Bank Of India in Korutla, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code SBIN0062010. The transfer is completed in batches. It is useful for both personal and business payments.

RTGS

Used for payments over ₹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 SBIN0062010.

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 Cac Kargil Chowk, Korutla in Korutla, 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 Cac Kargil Chowk, Korutla, 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 Korutla to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of State Bank Of India Cac Kargil Chowk, Korutla Korutla?

The IFSC Code of the Cac Kargil Chowk, Korutla Korutla branch is SBIN0062010.

Is IFSC Code SBIN0062010 permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the State Bank Of India Cac Kargil Chowk, Korutla branch?

The branch is located at Nayeem Building,Main Road,Korutla-505326.

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.