There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of State Bank Of India for its Parli branch in Palakkad, Parli, Kerala, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of State Bank Of India situated in Palakkad or anywhere in Kerala can easily transfer funds instantly by using the correct IFSC Code SBIN0070183. You should 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, Parli, Palakkad
Here are the key points that are associated with the IFSC Code SBIN0070183 of State Bank Of India for its branch located in Palakkad, within the district of Parli in the state of Kerala.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0070183 |
| Branch | Parli |
| City | Palakkad |
| District | Parli |
| State | Kerala |
| Address | Pbno1,Ix547A,Kalyanamandir,Villageroad,Parli678612Parliatsbtcoin |
These details helps users in online banking and for businesses and individuals who use State Bank Of India in Palakkad for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0070183 for the Parli 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 Parli, Palakkad, Kerala, are allotted a unique IFSC like SBIN0070183 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Palakkad.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Palakkad and Parli.
- 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 Parli reaches the right place, even though there are thousands of branches in Kerala and across India.
Format of the IFSC Code SBIN0070183
The format of the IFSC Code for banks, including State Bank Of India, has 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 Parli in Palakkad.
For example, the IFSC Code SBIN0070183 of State Bank Of India for the Parli branch includes these elements, identifying the bank and the branch location in Palakkad and Kerala correctly.
How to Find IFSC Code for State Bank Of India?
To find the IFSC Code SBIN0070183 of State Bank Of India for its Parli branch located in Palakkad, 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 Palakkad and Parli, 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 Parli or Palakkad to find the exact IFSC Code SBIN0070183.
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 Palakkad will provide accurate information.
How to Use IFSC Code SBIN0070183 for Online Transfers?
Once you have the IFSC Code SBIN0070183 for the Parli branch of State Bank Of India in Palakkad, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SBIN0070183. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and State Bank Of India IFSC Code SBIN0070183.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for State Bank Of India Parli in Palakkad, it can 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 Parli, 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 Palakkad manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is SBIN0070183.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Pbno1,Ix547A,Kalyanamandir,Villageroad,Parli678612Parliatsbtcoin located in Palakkad, Parli, Kerala.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.