The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of State Bank Of India for its Old Alwal branch in Rangareddy, Secunderabad, Andhra Pradesh, this complete guide will provide you with detailed information.

The banking system in India has changed over the years, and today customers of State Bank Of India located in Rangareddy or anywhere in Andhra Pradesh can transfer funds instantly by using the correct IFSC Code SBIN0014675. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for State Bank Of India, Old Alwal, Rangareddy

Here are some of the key details that come with the IFSC Code SBIN0014675 of State Bank Of India for its branch located in Rangareddy, within the district of Secunderabad in the state of Andhra Pradesh.

Particulars Details
Bank State Bank Of India
IFSC Code SBIN0014675
Branch Old Alwal
City Rangareddy
District Secunderabad
State Andhra Pradesh
Address Survey No 69,Loyola College Road,Beside Bpcl Petrol Pump,Old Alwal,Secunderbad 500010

These details are important not only for users using online banking but also for businesses and individuals who use State Bank Of India in Rangareddy for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SBIN0014675 for the Old Alwal 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 Old Alwal, Rangareddy, Andhra Pradesh, are given a unique IFSC like SBIN0014675 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Rangareddy.
  • 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 Rangareddy and Secunderabad.
  • 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 Old Alwal goes to the correct branch. This is important because State Bank Of India has thousands of branches in Andhra Pradesh and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code SBIN0014675

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

AAAA0CCCCCC

Here's the breakdown:

  • First 4 characters (AAAA): These represent the bank code. In State Bank Of India, they are a short identifier for the bank.
  • 5th character (0): This is always zero and is reserved for future use.
  • Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Old Alwal in Rangareddy.

For example, the IFSC Code SBIN0014675 of State Bank Of India for the Old Alwal branch has these elements, identifying the bank and the branch location in Rangareddy and Andhra Pradesh correctly.

How to Find IFSC Code for State Bank Of India?

If you are looking for the IFSC Code SBIN0014675 of State Bank Of India for its Old Alwal branch located in Rangareddy, 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 Rangareddy and Secunderabad, 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 Old Alwal or Rangareddy to get the exact IFSC Code SBIN0014675.

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 Rangareddy, then it will provide you proper information.

How to Use IFSC Code SBIN0014675 for Online Transfers?

Once you have the IFSC Code SBIN0014675 for the Old Alwal branch of State Bank Of India in Rangareddy, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SBIN0014675. 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 SBIN0014675.

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 Old Alwal in Rangareddy 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 Old Alwal, 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 Rangareddy manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of State Bank Of India Old Alwal Rangareddy?

The IFSC Code of the Old Alwal Rangareddy branch is SBIN0014675.

Is IFSC Code SBIN0014675 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 Old Alwal branch?

The branch is located at Survey No 69,Loyola College Road,Beside Bpcl Petrol Pump,Old Alwal,Secunderbad 500010.

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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