IFSC Code of State Bank Of India, Silwani, Silwani, Madhya Pradesh — SBIN0000544

There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of State Bank Of India for its Silwani branch in Raisen, Silwani, Madhya Pradesh, then this comprehensive guide will provide you with detailed information.

The banking system in India has changed over time, and today the customers of State Bank Of India situated in Raisen or anywhere in Madhya Pradesh can easily transfer funds instantly by using the correct IFSC Code SBIN0000544. You should 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, Silwani, Raisen

The table below shows the main details of the IFSC Code SBIN0000544 for the State Bank Of India branch in Raisen, which falls under the Silwani district in Madhya Pradesh.

These details are important not only for users using online banking but also for businesses and individuals who use State Bank Of India in Raisen for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SBIN0000544 for the Silwani branch of State Bank Of India is vital.

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 Silwani, Raisen, Madhya Pradesh, is provided a unique IFSC like SBIN0000544 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 Raisen.
• 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 Raisen and Silwani.
• 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 Madhya Pradesh and the rest of India, the IFSC Code ensures that transactions meant for State Bank Of India in Silwani do not get misguided to another person.

Format of the IFSC Code SBIN0000544

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 Silwani in Raisen.

For example, the IFSC Code SBIN0000544 of State Bank Of India for the Silwani branch includes these elements, identifying the bank and the branch location in Raisen and Madhya Pradesh accurately.

How to Find IFSC Code for State Bank Of India?

If you are looking for the IFSC Code SBIN0000544 of State Bank Of India for its Silwani branch located in Raisen, 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 Raisen and Silwani, 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 Silwani or Raisen to get the exact IFSC Code SBIN0000544.

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 Raisen, then it will provide you proper information.

How to Use IFSC Code SBIN0000544 for Online Transfers?

Once you have the IFSC Code SBIN0000544 for the Silwani branch of State Bank Of India in Raisen, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SBIN0000544. 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 SBIN0000544.

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 Silwani in Raisen 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 Silwani, 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 Raisen to handle online money transfers and get their cheques cleared smoothly.