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 Devanpally Finanical Inclusion branch in Nizamabad, Nizamabad, Andhra 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 Nizamabad or anywhere in Andhra Pradesh can transfer funds instantly by using the correct IFSC Code SBIN0021539. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for State Bank Of India, Devanpally Finanical Inclusion, Nizamabad

Here are the main details that are associated with the IFSC Code SBIN0021539 of State Bank Of India for its branch located in Nizamabad, within the district of Nizamabad in the state of Andhra Pradesh.

Particulars Details
Bank State Bank Of India
IFSC Code SBIN0021539
Branch Devanpally Finanical Inclusion
City Nizamabad
District Nizamabad
State Andhra Pradesh
Address Hno4 74 2C Devanpallydevanpally Mandal Kamareddynizamabad District Andhra Pradesh

These details are important not only for users using online banking but also for businesses and individuals who use State Bank Of India in Nizamabad for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SBIN0021539 for the Devanpally Finanical Inclusion 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, including State Bank Of India located in Devanpally Finanical Inclusion, Nizamabad, Andhra Pradesh, is provided with a unique IFSC like SBIN0021539 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 Nizamabad.
  • 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 Nizamabad and Nizamabad.
  • 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 Andhra Pradesh and the rest of India and the IFSC Code ensures that transactions meant for State Bank Of India in Devanpally Finanical Inclusion do not get mixed with another location.

Format of the IFSC Code SBIN0021539

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

AAAA0CCCCCC

Here's the explanation:

  • First 4 characters (AAAA): This is the bank code. For State Bank Of India, these characters are the bank's short identifier.
  • 5th character (0): This stays zero till there is any future use.
  • Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Devanpally Finanical Inclusion in Nizamabad.

For example, the IFSC Code SBIN0021539 of State Bank Of India for the Devanpally Finanical Inclusion branch includes these elements, identifying the bank and the branch location in Nizamabad and Andhra Pradesh accurately.

How to Find IFSC Code for State Bank Of India?

If you are trying to find the IFSC Code SBIN0021539 of State Bank Of India for its Devanpally Finanical Inclusion branch located in Nizamabad, 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

Most banks, including State Bank Of India branches in Nizamabad and Nizamabad, print the IFSC and MICR codes 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 Devanpally Finanical Inclusion or Nizamabad to get the exact IFSC Code SBIN0021539.

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 Nizamabad, you'll get the correct details.

How to Use IFSC Code SBIN0021539 for Online Transfers?

Once you have the IFSC Code SBIN0021539 for the Devanpally Finanical Inclusion branch of State Bank Of India in Nizamabad, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code SBIN0021539. 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 SBIN0021539.

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 Devanpally Finanical Inclusion in Nizamabad, your payment can get delayed or might not go through at all.

Finding the MICR Code

MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of State Bank Of India in Devanpally Finanical Inclusion, here are some of the ways 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.

Knowing both IFSC and MICR code can help account holders in Nizamabad manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of State Bank Of India in Devanpally Finanical Inclusion, Nizamabad?

The IFSC Code is SBIN0021539.

Is the IFSC Code SBIN0021539 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 Devanpally Finanical Inclusion?

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 Devanpally Finanical Inclusion branch?

The address of the branch is Hno4 74 2C Devanpallydevanpally Mandal Kamareddynizamabad District Andhra Pradesh located in Nizamabad, Nizamabad, Andhra 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.

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