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 Haleyur branch in Mysore, Haleyur, Karnataka, 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 Mysore or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code SBIN0040266. 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, Haleyur, Mysore

Here are the key points that are associated with the IFSC Code SBIN0040266 of State Bank Of India for its branch located in Mysore, within the district of Haleyur in the state of Karnataka.

Particulars Details
Bank State Bank Of India
IFSC Code SBIN0040266
Branch Haleyur
City Mysore
District Haleyur
State Karnataka
Address Haleyur,Karnataka,Haleyur 571 672

These details are important not only for users using online banking but also for businesses and individuals who use State Bank Of India in Mysore for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SBIN0040266 for the Haleyur branch of State Bank Of India is vital.

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 Haleyur, Mysore, Karnataka, are allotted a unique IFSC like SBIN0040266 to ensure that online payments reach the right destination.

The IFSC Code is important because:

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

Format of the IFSC Code SBIN0040266

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 Haleyur in Mysore.

For example, the IFSC Code SBIN0040266 of State Bank Of India for the Haleyur branch has these elements, identifying the bank and the branch location in Mysore and Karnataka correctly.

How to Find IFSC Code for State Bank Of India?

If you are looking for the IFSC Code SBIN0040266 of State Bank Of India for its Haleyur branch located in Mysore, 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 Mysore and Haleyur, 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 Haleyur or Mysore to get the exact IFSC Code SBIN0040266.

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 Mysore, then it will provide you proper information.

How to Use IFSC Code SBIN0040266 for Online Transfers?

If you have the IFSC Code SBIN0040266 for the Haleyur branch of State Bank Of India in Mysore, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SBIN0040266. 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 SBIN0040266.

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 Haleyur in Mysore, it 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 Haleyur, 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 Mysore to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of State Bank Of India Haleyur Mysore?

The IFSC Code of the Haleyur Mysore branch is SBIN0040266.

Is IFSC Code SBIN0040266 permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the State Bank Of India Haleyur branch?

The branch is located at Haleyur,Karnataka,Haleyur 571 672.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.