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 Madhotanda branch in Pilibhit, Pilibhit, or Uttar Pradesh, 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 Pilibhit or anywhere in Uttar Pradesh can transfer funds instantly by using the correct IFSC Code SBIN0002570. 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, Madhotanda, Pilibhit
Below in the table are the key details related to IFSC Code SBIN0002570 of State Bank Of India for its branch located in Pilibhit, within the district of Pilibhit in the state of Uttar Pradesh.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0002570 |
| Branch | Madhotanda |
| City | Pilibhit |
| District | Pilibhit |
| State | Uttar Pradesh |
| Address | Statebankofindiamadhotanda |
These details are important not only for users using online banking but also for businesses and individuals who use State Bank Of India in Pilibhit for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SBIN0002570 for the Madhotanda 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 Madhotanda, Pilibhit, Uttar Pradesh, are allotted a unique IFSC like SBIN0002570 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Pilibhit.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Pilibhit and Pilibhit.
- 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 Madhotanda reaches the right place, even though there are thousands of branches in Uttar Pradesh and across India.
Format of the IFSC Code SBIN0002570
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 Madhotanda in Pilibhit.
For example, the IFSC Code SBIN0002570 of State Bank Of India for the Madhotanda branch includes these elements, identifying the bank and the branch location in Pilibhit and Uttar Pradesh correctly.
How to Find IFSC Code for State Bank Of India?
If you are looking for the IFSC Code SBIN0002570 of State Bank Of India for its Madhotanda branch located in Pilibhit, 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 Pilibhit and Pilibhit, 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 Madhotanda or Pilibhit to get the exact IFSC Code SBIN0002570.
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 Pilibhit, then it will provide you proper information.
How to Use IFSC Code SBIN0002570 for Online Transfers?
Once you have the IFSC Code SBIN0002570 for the Madhotanda branch of State Bank Of India in Pilibhit, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SBIN0002570. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and State Bank Of India IFSC Code SBIN0002570.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for State Bank Of India Madhotanda in Pilibhit, it can 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 Madhotanda, 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 Pilibhit to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is SBIN0002570.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Statebankofindiamadhotanda located in Pilibhit, Pilibhit, Uttar Pradesh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.