For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of State Bank Of India for its Bibwewadi branch in Pune, Pune, Maharashtra, this comprehensive guide will provide you with detailed information.

The banking system in India has changed significantly over the years, and today customers of State Bank Of India located in Pune or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SBIN0012926. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for State Bank Of India, Bibwewadi, Pune

The table below shows the main details of the IFSC Code SBIN0012926 for the State Bank Of India branch in Pune, which falls under the Pune district in Maharashtra.

Particulars Details
Bank State Bank Of India
IFSC Code SBIN0012926
Branch Bibwewadi
City Pune
District Pune
State Maharashtra
Address Ravikiran Hall,Near Chintamani Nagar,Bibwewadi Road,Distpune,Maharashtra,Distpune 411037

These details help users in online banking and for businesses and individuals who use State Bank Of India in Pune for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0012926 for the Bibwewadi branch of State Bank Of India has a very important role.

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 Bibwewadi, Pune, Maharashtra, are allotted a unique IFSC like SBIN0012926 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Pune.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents confusion between different branches of the same bank in places like Pune and Pune.
  • 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 Bibwewadi reaches the right place, even though there are thousands of branches in Maharashtra and across India.

Format of the IFSC Code SBIN0012926

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

AAAA0CCCCCC

Here's the explanation:

  • First 4 characters (AAAA): This is the bank code. For State Bank Of India, these characters are the bank's short identifier.
  • 5th character (0): This stays zero till there is any future use.
  • Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Bibwewadi in Pune.

For example, the IFSC Code SBIN0012926 of State Bank Of India for the Bibwewadi branch includes these elements, identifying the bank and the branch location in Pune and Maharashtra accurately.

How to Find IFSC Code for State Bank Of India?

If you are looking for the IFSC Code SBIN0012926 of State Bank Of India for its Bibwewadi branch located in Pune, 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 Pune and Pune, 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 Bibwewadi or Pune to get the exact IFSC Code SBIN0012926.

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 Pune, then it will provide you proper information.

How to Use IFSC Code SBIN0012926 for Online Transfers?

Once you have the IFSC Code SBIN0012926 for the Bibwewadi branch of State Bank Of India in Pune, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SBIN0012926. Transfers are processed in batches. This is 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. Requires the recipient's account details and State Bank Of India IFSC Code SBIN0012926.

Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for State Bank Of India Bibwewadi in Pune 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 Bibwewadi, 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 Pune 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 Bibwewadi Pune?

The IFSC Code of the Bibwewadi Pune branch is SBIN0012926.

Is IFSC Code SBIN0012926 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 Bibwewadi branch?

The branch is located at Ravikiran Hall,Near Chintamani Nagar,Bibwewadi Road,Distpune,Maharashtra,Distpune 411037.

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.

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