IFSC Code of State Bank Of India, Nihalsinghwala, Nihal Singh Wala, Punjab — SBIN0050352

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. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of State Bank Of India for its Nihalsinghwala branch in Moga, Nihal Singh Wala, or Punjab, this guide will help you with all the details.

There have been major changes in the banking sector in India and today, the customers of State Bank Of India located in Moga or anywhere in Punjab can transfer funds instantly by using the correct IFSC Code SBIN0050352. 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, Nihalsinghwala, Moga

Below in the table are the key details related to IFSC Code SBIN0050352 of State Bank Of India for its branch located in Moga, within the district of Nihal Singh Wala in the state of Punjab.

These details help users in online banking and for businesses and individuals who use State Bank Of India in Moga for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0050352 for the Nihalsinghwala 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 Nihalsinghwala, Moga, Punjab, is provided with a unique IFSC like SBIN0050352 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 Moga.
• 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 Moga and Nihal Singh Wala.
• 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 Nihalsinghwala do not get mixed with another location.

Format of the IFSC Code SBIN0050352

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 Nihalsinghwala in Moga.

For example, the IFSC Code SBIN0050352 of State Bank Of India for the Nihalsinghwala branch includes these elements, identifying the bank and the branch location in Moga and Punjab accurately.

How to Find IFSC Code for State Bank Of India?

If you are looking for the IFSC Code SBIN0050352 of State Bank Of India for its Nihalsinghwala branch located in Moga, the following methods can help:

Cheque Book

The cheque book that is issued by State Bank Of India includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.

Passbook

Most of the banks, including State Bank Of India branches in Moga and Nihal Singh Wala, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

You can visit the official website of State Bank Of India and look for the branch locator section, then search for Nihalsinghwala or Moga to get the exact IFSC Code SBIN0050352.

Mobile Banking App

If you use State Bank Of India's mobile app, you can check your account details to easily find your branch's IFSC code.

RBI Website

The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for State Bank Of India and Moga, then it will provide you proper information.

How to Use IFSC Code SBIN0050352 for Online Transfers?

If you have the IFSC Code SBIN0050352 for the Nihalsinghwala branch of State Bank Of India in Moga, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SBIN0050352. Transfers are processed in batches. 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. Asks for the recipient's account details and State Bank Of India IFSC Code SBIN0050352.

Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for State Bank Of India Nihalsinghwala in Moga, it may result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of State Bank Of India in Nihalsinghwala, you can find it by any of the following ways:

• Check the bottom of your cheque leaf.
• Go to the first page of your passbook.
• Visit the official State Bank Of India website.
• Search the RBI portal.

Having both IFSC and MICR codes helps account holders in Moga manage online transfers as well as cheque clearances with ease.