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 Gotegaon branch in Narsinghpur, Gotegaon, Madhya Pradesh, 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 Narsinghpur or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code SBIN0002851. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for State Bank Of India, Gotegaon, Narsinghpur

The table below shows the main details of the IFSC Code SBIN0002851 for the State Bank Of India branch in Narsinghpur, which falls under the Gotegaon district in Madhya Pradesh.

Particulars Details
Bank State Bank Of India
IFSC Code SBIN0002851
Branch Gotegaon
City Narsinghpur
District Gotegaon
State Madhya Pradesh
Address Distnarsimhapur, Madhya Pradesh 487 118

These details are essential not only for online banking users but also for businesses and individuals who use State Bank Of India in Narsinghpur for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0002851 for the Gotegaon branch of State Bank Of India plays an 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, along with State Bank Of India located in Gotegaon, Narsinghpur, Madhya Pradesh, are allotted a unique IFSC like SBIN0002851 to ensure that online payments reach the right destination.

The IFSC Code is important because:

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

Format of the IFSC Code SBIN0002851

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 Gotegaon in Narsinghpur.

For example, the IFSC Code SBIN0002851 of State Bank Of India for the Gotegaon branch includes these elements, identifying the bank and the branch location in Narsinghpur and Madhya Pradesh accurately.

How to Find IFSC Code for State Bank Of India?

To find the IFSC Code SBIN0002851 of State Bank Of India for its Gotegaon branch located in Narsinghpur, 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 Narsinghpur and Gotegaon, 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 Gotegaon or Narsinghpur to find the exact IFSC Code SBIN0002851.

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 Narsinghpur will provide accurate information.

How to Use IFSC Code SBIN0002851 for Online Transfers?

Once you have the IFSC Code SBIN0002851 for the Gotegaon branch of State Bank Of India in Narsinghpur, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code SBIN0002851. 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 SBIN0002851.

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 Gotegaon in Narsinghpur, 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 Gotegaon, 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 Narsinghpur 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 in Gotegaon, Narsinghpur?

The IFSC Code is SBIN0002851.

Is the IFSC Code SBIN0002851 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of State Bank Of India Gotegaon?

You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Gotegaon branch?

The address of the branch is Distnarsimhapur, Madhya Pradesh 487 118 located in Narsinghpur, Gotegaon, Madhya Pradesh.

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.