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 Shivabasava Nagar branch in Palakkad, Belgaum, Karnataka, 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 Karnataka can transfer funds instantly by using the correct IFSC Code SBIN0008789. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for State Bank Of India, Shivabasava Nagar, Palakkad
Below in the table are the key details related to IFSC Code SBIN0008789 of State Bank Of India for its branch located in Palakkad, within the district of Belgaum in the state of Karnataka.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0008789 |
| Branch | Shivabasava Nagar |
| City | Palakkad |
| District | Belgaum |
| State | Karnataka |
| Address | Shanteri,Sector-Ii,No-268Nyaya Marg,Shivabasav Nagar,Belgaum , Pin - 590010 |
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 SBIN0008789 for the Shivabasava Nagar 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 Shivabasava Nagar, Palakkad, Karnataka, are allotted a unique IFSC like SBIN0008789 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 Belgaum.
- 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 Shivabasava Nagar reaches the right place, even though there are thousands of branches in Karnataka and across India.
Format of the IFSC Code SBIN0008789
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 Shivabasava Nagar in Palakkad.
For example, the IFSC Code SBIN0008789 of State Bank Of India for the Shivabasava Nagar branch includes these elements, identifying the bank and the branch location in Palakkad and Karnataka correctly.
How to Find IFSC Code for State Bank Of India?
If you are trying to find the IFSC Code SBIN0008789 of State Bank Of India for its Shivabasava Nagar branch located in Palakkad, 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 Palakkad and Belgaum, 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 Shivabasava Nagar or Palakkad to get the exact IFSC Code SBIN0008789.
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 Palakkad, you'll get the correct details.
How to Use IFSC Code SBIN0008789 for Online Transfers?
Once you have the IFSC Code SBIN0008789 for the Shivabasava Nagar branch of State Bank Of India in Palakkad, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SBIN0008789. Transfers are processed in batches. This is 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. Requires the recipient's account details and State Bank Of India IFSC Code SBIN0008789.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for State Bank Of India Shivabasava Nagar in Palakkad 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 Shivabasava Nagar, 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 Palakkad manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Shivabasava Nagar Palakkad branch is SBIN0008789.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Shanteri,Sector-Ii,No-268Nyaya Marg,Shivabasav Nagar,Belgaum , Pin - 590010.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.