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 Airawat Shopping Complex, Patiala Cantt branch in Patiala, Patiala, Punjab, 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 Patiala or anywhere in Punjab can transfer funds instantly by using the correct IFSC Code SBIN0016508. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for State Bank Of India, Airawat Shopping Complex, Patiala Cantt, Patiala
Here are the main details that are associated with the IFSC Code SBIN0016508 of State Bank Of India for its branch located in Patiala, within the district of Patiala in the state of Punjab.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0016508 |
| Branch | Airawat Shopping Complex, Patiala Cantt |
| City | Patiala |
| District | Patiala |
| State | Punjab |
| Address | Airawat Sh Opping Complex, Patiala Cantt, Dist. Patiala, Punjab 147001 |
These details are important not only for users using online banking but also for businesses and individuals who use State Bank Of India in Patiala for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SBIN0016508 for the Airawat Shopping Complex, Patiala Cantt 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, including State Bank Of India located in Airawat Shopping Complex, Patiala Cantt, Patiala, Punjab, is provided with a unique IFSC like SBIN0016508 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the State Bank Of India branch in Patiala.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Patiala and Patiala.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Punjab and the rest of India and the IFSC Code ensures that transactions meant for State Bank Of India in Airawat Shopping Complex, Patiala Cantt do not get mixed with another location.
Format of the IFSC Code SBIN0016508
The format of the IFSC Code for banks, including State Bank Of India, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): These represent the bank code. In State Bank Of India, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Airawat Shopping Complex, Patiala Cantt in Patiala.
For example, the IFSC Code SBIN0016508 of State Bank Of India for the Airawat Shopping Complex, Patiala Cantt branch has these elements, identifying the bank and the branch location in Patiala and Punjab correctly.
How to Find IFSC Code for State Bank Of India?
If you are trying to find the IFSC Code SBIN0016508 of State Bank Of India for its Airawat Shopping Complex, Patiala Cantt branch located in Patiala, the following methods can help:
Cheque Book
The cheque books that are issued by State Bank Of India include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including State Bank Of India branches in Patiala and Patiala, 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 find the branch locator section. Search for Airawat Shopping Complex, Patiala Cantt or Patiala to get the exact IFSC Code SBIN0016508.
Mobile Banking App
If you use State Bank Of India's mobile app, you can easily 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 to help you in searching for State Bank Of India and Patiala that will provide accurate information.
How to Use IFSC Code SBIN0016508 for Online Transfers?
Once you have the IFSC Code SBIN0016508 for the Airawat Shopping Complex, Patiala Cantt branch of State Bank Of India in Patiala, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code SBIN0016508. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹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 SBIN0016508.
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 Airawat Shopping Complex, Patiala Cantt in Patiala, 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 Airawat Shopping Complex, Patiala Cantt, 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 Patiala manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is SBIN0016508.
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 Airawat Sh Opping Complex, Patiala Cantt, Dist. Patiala, Punjab 147001 located in Patiala, Patiala, Punjab.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.