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 Shehera branch in Panch Mahals, Shehra, 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 SBIN0011031. 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, Shehera, Panch Mahals

The table below shows the main details of the IFSC Code SBIN0011031 for the State Bank Of India branch in Panch Mahals, which falls under the Shehra district in Gujarat.

Particulars Details
Bank State Bank Of India
IFSC Code SBIN0011031
Branch Shehera
City Panch Mahals
District Shehra
State Gujarat
Address Gayatri Society,Shehera,Dist Panchmahal,Dist Panchmahal 389210

These details are crucial, not just for online banking users but also for businesses and individuals who use State Bank Of India in Panch Mahals for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0011031 for the Shehera branch of State Bank Of India has an important role.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including State Bank Of India located in Shehera, Panch Mahals, Gujarat, is provided a unique IFSC like SBIN0011031 so that their online payments reach the right place.

The IFSC Code is important because:

  • It uniquely recognizes the State Bank Of India branch in Panch Mahals.
  • Helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any confusions between multiple branches of the same bank across different places like Panch Mahals and Shehra.
  • It reduces most of the errors in fund transfers and makes sure its accuracy.
  • It enables sender banks to validate and confirm branch details before processing payments.

For thousands of branches across Gujarat and the rest of India, the IFSC Code ensures that transactions meant for State Bank Of India in Shehera do not get misguided to another person.

Format of the IFSC Code SBIN0011031

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 Shehera in Panch Mahals.

For example, the IFSC Code SBIN0011031 of State Bank Of India for the Shehera 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 looking for the IFSC Code SBIN0011031 of State Bank Of India for its Shehera branch located in Panch Mahals, 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 Panch Mahals and Shehra, 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 Shehera or Panch Mahals to get the exact IFSC Code SBIN0011031.

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 Panch Mahals, then it will provide you proper information.

How to Use IFSC Code SBIN0011031 for Online Transfers?

Once you have the IFSC Code SBIN0011031 for the Shehera branch of State Bank Of India in Panch Mahals, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code SBIN0011031. The transfer is completed in batches instead of instantly. It is useful for both 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 SBIN0011031.

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 Shehera in Panch Mahals, your payment can get delayed or might not go through at all.

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 Shehera, 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.

Frequently Asked Questions (FAQs)

What is the IFSC Code of State Bank Of India Shehera Panch Mahals?

The IFSC Code of the Shehera Panch Mahals branch is SBIN0011031.

Is IFSC Code SBIN0011031 permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the State Bank Of India Shehera branch?

The branch is located at Gayatri Society,Shehera,Dist Panchmahal,Dist Panchmahal 389210.

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.