IFSC Code of State Bank Of India, Ssi Shimlapuri, Ludhiana, Ludhiana, Punjab- SBIN0008057

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 Ssi Shimlapuri, 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 SBIN0008057. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for State Bank Of India, Ssi Shimlapuri, Ludhiana, Ludhiana

Here are the main details that are associated with the IFSC Code SBIN0008057 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 SBIN0008057 for the Ssi Shimlapuri, 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, including State Bank Of India located in Ssi Shimlapuri, Ludhiana, Ludhiana, Punjab, is provided with a unique IFSC like SBIN0008057 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 Ludhiana.
• 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 Ludhiana and Ludhiana.
• 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 Punjab and the rest of India and the IFSC Code ensures that transactions meant for State Bank Of India in Ssi Shimlapuri, Ludhiana do not get mixed with another location.

Format of the IFSC Code SBIN0008057

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): 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 Ssi Shimlapuri, Ludhiana in Ludhiana.

For example, the IFSC Code SBIN0008057 of State Bank Of India for the Ssi Shimlapuri, 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 SBIN0008057 of State Bank Of India for its Ssi Shimlapuri, 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

Most banks, including State Bank Of India branches in Ludhiana and Ludhiana, 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 Ssi Shimlapuri, Ludhiana or Ludhiana to get the exact IFSC Code SBIN0008057.

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 SBIN0008057 for Online Transfers?

Once you have the IFSC Code SBIN0008057 for the Ssi Shimlapuri, 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 SBIN0008057. The transfer is completed in batches instead of instantly. It is useful for both 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 SBIN0008057.

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 Ssi Shimlapuri, 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 differ from IFSC codes. If you are looking for the MICR code of State Bank Of India in Ssi Shimlapuri, Ludhiana, 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 Ludhiana to handle online money transfers and get their cheques cleared smoothly.