IFSC Code of State Bank Of India, Chaura Bazar, Ludhiana, Ludhiana, Punjab — SBIN0001289

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 Chaura Bazar, Ludhiana branch in Ludhiana, Ludhiana, Punjab, 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 Ludhiana or anywhere in Punjab can transfer funds instantly by using the correct IFSC Code SBIN0001289. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for State Bank Of India, Chaura Bazar, Ludhiana, Ludhiana

Here are the main details that are associated with the IFSC Code SBIN0001289 of State Bank Of India for its branch located in Ludhiana, within the district of Ludhiana in the state of Punjab.

These details help users in online banking and for businesses and individuals who use State Bank Of India in Ludhiana for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0001289 for the Chaura Bazar, Ludhiana 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 Chaura Bazar, Ludhiana, Ludhiana, Punjab, are allotted a unique IFSC like SBIN0001289 to ensure that online payments reach the right destination.

The IFSC Code is important because:

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

Format of the IFSC Code SBIN0001289

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

AAAA0CCCCCC

Here's the explanation:

• First 4 characters (AAAA): This is the bank code. For State Bank Of India, these characters are the bank's short identifier.
• 5th character (0): This stays zero till there is any future use.
• Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Chaura Bazar, Ludhiana in Ludhiana.

For example, the IFSC Code SBIN0001289 of State Bank Of India for the Chaura Bazar, Ludhiana branch includes these elements, identifying the bank and the branch location in Ludhiana and Punjab accurately.

How to Find IFSC Code for State Bank Of India?

If you are trying to find the IFSC Code SBIN0001289 of State Bank Of India for its Chaura Bazar, Ludhiana branch located in Ludhiana, 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

You can easily find the IFSC and MICR codes because most banks, including State Bank Of India branches in Ludhiana and Ludhiana, print them 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 Chaura Bazar, Ludhiana or Ludhiana to get the exact IFSC Code SBIN0001289.

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 Ludhiana, you'll get the correct details.

How to Use IFSC Code SBIN0001289 for Online Transfers?

Once you have the IFSC Code SBIN0001289 for the Chaura Bazar, Ludhiana branch of State Bank Of India in Ludhiana, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code SBIN0001289. 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 SBIN0001289.

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 Chaura Bazar, Ludhiana in Ludhiana, your payment can get delayed or might not go through at all.

Finding the MICR Code

MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of State Bank Of India in Chaura Bazar, Ludhiana, here are some of the ways 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.

Knowing both IFSC and MICR code can help account holders in Ludhiana manage their online transfers and cheque clearances easily.