IFSC Code of State Bank Of India, Gurbax Colony Patiala, Patiala, Punjab — SBIN0017886

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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of State Bank Of India for its Gurbax Colony Patiala branch in Patiala, Patiala, Punjab, then this guide will give you detailed information.

The banking system has evolved significantly in India, and today the customers of State Bank Of India located in Patiala or anywhere in Punjab can transfer funds instantly by using the correct IFSC Code SBIN0017886. 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, Gurbax Colony Patiala, Patiala

Below in the table are the key details related to IFSC Code SBIN0017886 of State Bank Of India for its branch located in Patiala, within the district of Patiala in the state of Punjab.

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 SBIN0017886 for the Gurbax Colony Patiala 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 Gurbax Colony Patiala, Patiala, Punjab, is provided with a unique IFSC like SBIN0017886 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 Gurbax Colony Patiala do not get mixed with another location.

Format of the IFSC Code SBIN0017886

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 Gurbax Colony Patiala in Patiala.

For example, the IFSC Code SBIN0017886 of State Bank Of India for the Gurbax Colony Patiala branch includes 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 SBIN0017886 of State Bank Of India for its Gurbax Colony Patiala branch located in Patiala, 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 Patiala and Patiala, 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 Gurbax Colony Patiala or Patiala to get the exact IFSC Code SBIN0017886.

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 Patiala, you'll get the correct details.

How to Use IFSC Code SBIN0017886 for Online Transfers?

Once you have the IFSC Code SBIN0017886 for the Gurbax Colony Patiala 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 SBIN0017886. 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 SBIN0017886.

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 Gurbax Colony Patiala 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 Gurbax Colony Patiala, 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.