IFSC Code of State Bank Of India, Plassanal, Kottayam, Kerala — SBIN0070480

There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of State Bank Of India for its Plassanal branch in Kottayam, Kottayam, Kerala, then this comprehensive guide will provide you with detailed information.

The banking system in India has changed over time, and today the customers of State Bank Of India situated in Kottayam or anywhere in Kerala can easily transfer funds instantly by using the correct IFSC Code SBIN0070480. You should 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, Plassanal, Kottayam

Below in the table are the key details related to IFSC Code SBIN0070480 of State Bank Of India for its branch located in Kottayam, within the district of Kottayam in the state of Kerala.

These details are crucial, not just for online banking users but also for businesses and individuals who use State Bank Of India in Kottayam for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0070480 for the Plassanal branch of State Bank Of India has 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, including State Bank Of India located in Plassanal, Kottayam, Kerala, is provided with a unique IFSC like SBIN0070480 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It uniquely identifies the State Bank Of India branch in Kottayam.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any errors or confusions between multiple branches of the same bank across different places like Kottayam and Kottayam.
• It reduces errors in fund transfers and improves accuracy.
• It allows sender banks to validate and confirm branch details before processing payments.

There are thousands of branches across Kerala and the rest of India and the IFSC Code ensures that transactions meant for State Bank Of India in Plassanal do not get mixed with another location.

Format of the IFSC Code SBIN0070480

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 Plassanal in Kottayam.

For example, the IFSC Code SBIN0070480 of State Bank Of India for the Plassanal branch includes these elements, identifying the bank and the branch location in Kottayam and Kerala correctly.

How to Find IFSC Code for State Bank Of India?

If you are trying to find the IFSC Code SBIN0070480 of State Bank Of India for its Plassanal branch located in Kottayam, the following methods can help:

Cheque Book

The cheque books that are issued by State Bank Of India include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.

Passbook

Most banks, including State Bank Of India branches in Kottayam and Kottayam, 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 find the branch locator section. Search for Plassanal or Kottayam to get the exact IFSC Code SBIN0070480.

Mobile Banking App

If you use State Bank Of India's mobile app, you can easily 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 to help you in searching for State Bank Of India and Kottayam that will provide accurate information.

How to Use IFSC Code SBIN0070480 for Online Transfers?

Once you have the IFSC Code SBIN0070480 for the Plassanal branch of State Bank Of India in Kottayam, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SBIN0070480. 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 SBIN0070480.

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 Plassanal in Kottayam 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 Plassanal, 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 Kottayam manage online transfers as well as cheque clearances with ease.