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 Bhayavadar branch in Rajkot, Bhayavadar, Gujarat, 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 Rajkot or anywhere in Gujarat can easily transfer funds instantly by using the correct IFSC Code SBIN0060076. 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, Bhayavadar, Rajkot

Below in the table are the key details related to IFSC Code SBIN0060076 of State Bank Of India for its branch located in Rajkot, within the district of Bhayavadar in the state of Gujarat.

Particulars Details
Bank State Bank Of India
IFSC Code SBIN0060076
Branch Bhayavadar
City Rajkot
District Bhayavadar
State Gujarat
Address Opp Lohana Mahajan Wadi,Near Patel Samaj,Bazar Chowk,Bhayavadar 364450

These details are important not only for users using online banking but also for businesses and individuals who use State Bank Of India in Rajkot for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SBIN0060076 for the Bhayavadar 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 Bhayavadar, Rajkot, Gujarat, are given a unique IFSC like SBIN0060076 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Rajkot.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents any kind of confusion between different branches of the same bank in places like Rajkot and Bhayavadar.
  • It reduces errors in fund transfers and improves accuracy.
  • It helps the sender banks to validate and confirm branch details before processing payments.

It helps ensure that any money sent to State Bank Of India in Bhayavadar goes to the correct branch. This is important because State Bank Of India has thousands of branches in Gujarat and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code SBIN0060076

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 Bhayavadar in Rajkot.

For example, the IFSC Code SBIN0060076 of State Bank Of India for the Bhayavadar branch includes these elements, identifying the bank and the branch location in Rajkot and Gujarat correctly.

How to Find IFSC Code for State Bank Of India?

To find the IFSC Code SBIN0060076 of State Bank Of India for its Bhayavadar branch located in Rajkot, the following methods can help you out:

Cheque Book

The cheque book issued by State Bank Of India includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.

Passbook

Most banks, including State Bank Of India branches in Rajkot and Bhayavadar, 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 go to the branch locator section. Then search for Bhayavadar or Rajkot to find the exact IFSC Code SBIN0060076.

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 maintains an updated database of all IFSC codes. Searching for State Bank Of India and Rajkot will provide accurate information.

How to Use IFSC Code SBIN0060076 for Online Transfers?

Once you have the IFSC Code SBIN0060076 for the Bhayavadar branch of State Bank Of India in Rajkot, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SBIN0060076. 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 SBIN0060076.

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 Bhayavadar in Rajkot may result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of State Bank Of India in Bhayavadar, you can find it by any of the following ways:

  • Check the bottom of your cheque leaf.
  • Go to the first page of your passbook.
  • Visit the official State Bank Of India website.
  • Search the RBI portal.

Having both IFSC and MICR codes helps account holders in Rajkot manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of State Bank Of India in Bhayavadar, Rajkot?

The IFSC Code is SBIN0060076.

Is the IFSC Code SBIN0060076 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of State Bank Of India Bhayavadar?

You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Bhayavadar branch?

The address of the branch is Opp Lohana Mahajan Wadi,Near Patel Samaj,Bazar Chowk,Bhayavadar 364450 located in Rajkot, Bhayavadar, Gujarat.

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.