IFSC Code of State Bank Of India, Lunawada, Lunawada, Gujarat — SBIN0001294

Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of State Bank Of India for its Lunawada branch in Panch Mahals, Lunawada, or Gujarat, this guide will help you with all the details.

There have been major changes in the banking sector in India and today, the customers of State Bank Of India located in Panch Mahals or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code SBIN0001294. You should definitely 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, Lunawada, Panch Mahals

The table below shows the main details of the IFSC Code SBIN0001294 for the State Bank Of India branch in Panch Mahals, which falls under the Lunawada district in Gujarat.

These details helps users in online banking and for businesses and individuals who use State Bank Of India in Panch Mahals for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0001294 for the Lunawada 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 that is provided by the Reserve Bank of India. A unique IFSC like SBIN0001294 is given to every bank branch, including State Bank Of India located in Lunawada, Panch Mahals, Gujarat, to make sure that online payments reach the right place.

The IFSC Code is important because:

• It uniquely identifies the State Bank Of India branch in Panch Mahals.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any kind of confusion between multiple branches of the same bank across different places like Panch Mahals and Lunawada.
• It removes errors in fund transfers and improves accuracy.
• It lets the sender banks validate and confirm branch details before they process the payments.

There are thousands of branches across Gujarat and the rest of India, which is why the IFSC Code ensures that transactions meant for State Bank Of India in Lunawada doesn't end up at another location.

Format of the IFSC Code SBIN0001294

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

AAAA0CCCCCC

Here's the breakdown of this:

• First 4 characters (AAAA): Represent the bank code. For State Bank Of India, these characters are the bank's short identifier.
• 5th character (0): Always zero which is reserved for future use.
• Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Lunawada in Panch Mahals.

For example, the IFSC Code SBIN0001294 of State Bank Of India for the Lunawada branch includes these elements, identifying the bank and the branch location in Panch Mahals and Gujarat accurately.

How to Find IFSC Code for State Bank Of India?

If you are trying to find the IFSC Code SBIN0001294 of State Bank Of India for its Lunawada branch located in Panch Mahals, 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

You can easily find the IFSC and MICR codes because most banks, including State Bank Of India branches in Panch Mahals and Lunawada, print them 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 Lunawada or Panch Mahals to get the exact IFSC Code SBIN0001294.

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 Panch Mahals, you'll get the correct details.

How to Use IFSC Code SBIN0001294 for Online Transfers?

If you have the IFSC Code SBIN0001294 for the Lunawada branch of State Bank Of India in Panch Mahals, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SBIN0001294. 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 SBIN0001294.

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 Lunawada in Panch Mahals, 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 Lunawada, 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 Panch Mahals to handle online money transfers and get their cheques cleared smoothly.