IFSC Code of State Bank Of India, Midc Butibori, Butibori, Maharashtra — SBIN0009689

For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of State Bank Of India for its Midc Butibori branch in Nagpur, Butibori, Maharashtra, this comprehensive guide will provide you with detailed information.

The banking system in India has changed significantly over the years, and today customers of State Bank Of India located in Nagpur or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SBIN0009689. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for State Bank Of India, Midc Butibori, Nagpur

Below in the table are the key details related to IFSC Code SBIN0009689 of State Bank Of India for its branch located in Nagpur, within the district of Butibori in the state of Maharashtra.

These details helps users in online banking and for businesses and individuals who use State Bank Of India in Nagpur for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0009689 for the Midc Butibori branch of State Bank Of India plays a vital 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 Midc Butibori, Nagpur, Maharashtra, are given a unique IFSC like SBIN0009689 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It clearly tells which bank branch it is in Nagpur.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It prevents any kind of confusion between different branches of the same bank in places like Nagpur and Butibori.
• It reduces errors in fund transfers and improves accuracy.
• It helps the sender banks to validate and confirm branch details before processing payments.

It helps ensure that any money sent to State Bank Of India in Midc Butibori goes to the correct branch. This is important because State Bank Of India has thousands of branches in Maharashtra and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code SBIN0009689

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

AAAA0CCCCCC

Here's the breakdown of this:

• First 4 characters (AAAA): Represent the bank code. For State Bank Of India, these characters are the bank's short identifier.
• 5th character (0): Always zero which is reserved for future use.
• Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Midc Butibori in Nagpur.

For example, the IFSC Code SBIN0009689 of State Bank Of India for the Midc Butibori branch includes these elements, identifying the bank and the branch location in Nagpur and Maharashtra accurately.

How to Find IFSC Code for State Bank Of India?

If you are trying to find the IFSC Code SBIN0009689 of State Bank Of India for its Midc Butibori branch located in Nagpur, 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 Nagpur and Butibori, 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 Midc Butibori or Nagpur to get the exact IFSC Code SBIN0009689.

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 Nagpur, you'll get the correct details.

How to Use IFSC Code SBIN0009689 for Online Transfers?

Once you have the IFSC Code SBIN0009689 for the Midc Butibori branch of State Bank Of India in Nagpur, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code SBIN0009689. 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 SBIN0009689.

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 Midc Butibori in Nagpur, 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 Midc Butibori, here are some ways that 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.

If you know both IFSC and MICR codes, then it can help account holders in Nagpur manage online transfers as well as cheque clearances with ease.