IFSC Code of State Bank Of India, Puthurpalakkad, Palakkad, Kerala- SBIN0070723

The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of State Bank Of India for its Puthurpalakkad branch in Palakkad, Palakkad, Kerala, this complete guide will provide you with detailed information.

The banking system in India has changed over the years, and today customers of State Bank Of India located in Palakkad or anywhere in Kerala can transfer funds instantly by using the correct IFSC Code SBIN0070723. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for State Bank Of India, Puthurpalakkad, Palakkad

Here are the key points that are associated with the IFSC Code SBIN0070723 of State Bank Of India for its branch located in Palakkad, within the district of Palakkad in the state of Kerala.

These details are important not only for users using online banking but also for businesses and individuals who use State Bank Of India in Palakkad for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SBIN0070723 for the Puthurpalakkad 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 Puthurpalakkad, Palakkad, Kerala, are allotted a unique IFSC like SBIN0070723 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 Palakkad.
• 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 Puthurpalakkad reaches the right place, even though there are thousands of branches in Kerala and across India.

Format of the IFSC Code SBIN0070723

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 Puthurpalakkad in Palakkad.

For example, the IFSC Code SBIN0070723 of State Bank Of India for the Puthurpalakkad 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?

If you are looking for the IFSC Code SBIN0070723 of State Bank Of India for its Puthurpalakkad branch located in Palakkad, 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 Palakkad and Palakkad, 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 Puthurpalakkad or Palakkad to get the exact IFSC Code SBIN0070723.

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 Palakkad, then it will provide you proper information.

How to Use IFSC Code SBIN0070723 for Online Transfers?

If you have the IFSC Code SBIN0070723 for the Puthurpalakkad branch of State Bank Of India in Palakkad, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SBIN0070723. 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 SBIN0070723.

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 Puthurpalakkad in Palakkad, 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 Puthurpalakkad, 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 Palakkad to handle online money transfers and get their cheques cleared smoothly.