IFSC Code of State Bank Of India, Maduraiwest Masi Street, Madurai, Tamil Nadu- SBIN0070313

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 Maduraiwest Masi Street branch in Madurai, Madurai, Tamil Nadu, 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 Madurai or anywhere in Tamil Nadu can transfer funds instantly by using the correct IFSC Code SBIN0070313. 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, Maduraiwest Masi Street, Madurai

Below in the table are the key details related to IFSC Code SBIN0070313 of State Bank Of India for its branch located in Madurai, within the district of Madurai in the state of Tamil Nadu.

These details help users in online banking and for businesses and individuals who use State Bank Of India in Madurai for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0070313 for the Maduraiwest Masi Street 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, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including State Bank Of India located in Maduraiwest Masi Street, Madurai, Tamil Nadu, is provided a unique IFSC like SBIN0070313 so that their online payments reach the right place.

The IFSC Code is important because:

• It uniquely recognizes the State Bank Of India branch in Madurai.
• Helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any confusions between multiple branches of the same bank across different places like Madurai and Madurai.
• It reduces most of the errors in fund transfers and makes sure its accuracy.
• It enables sender banks to validate and confirm branch details before processing payments.

For thousands of branches across Tamil Nadu and the rest of India, the IFSC Code ensures that transactions meant for State Bank Of India in Maduraiwest Masi Street do not get misguided to another person.

Format of the IFSC Code SBIN0070313

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 Maduraiwest Masi Street in Madurai.

For example, the IFSC Code SBIN0070313 of State Bank Of India for the Maduraiwest Masi Street branch has these elements, identifying the bank and the branch location in Madurai and Tamil Nadu correctly.

How to Find IFSC Code for State Bank Of India?

To find the IFSC Code SBIN0070313 of State Bank Of India for its Maduraiwest Masi Street branch located in Madurai, 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 Madurai and Madurai, 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 Maduraiwest Masi Street or Madurai to find the exact IFSC Code SBIN0070313.

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 Madurai will provide accurate information.

How to Use IFSC Code SBIN0070313 for Online Transfers?

Once you have the IFSC Code SBIN0070313 for the Maduraiwest Masi Street branch of State Bank Of India in Madurai, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SBIN0070313. 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 SBIN0070313.

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 Maduraiwest Masi Street in Madurai 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 Maduraiwest Masi Street, 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 Madurai to handle online money transfers and get their cheques cleared smoothly.