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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of State Bank Of India for its Punsari branch in Sabarkantha, Punsari, Gujarat, then this guide will give you detailed information.
The banking system has evolved significantly in India, and today the customers of State Bank Of India located in Sabarkantha or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code SBIN0018273. 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, Punsari, Sabarkantha
Here are the key points that are associated with the IFSC Code SBIN0018273 of State Bank Of India for its branch located in Sabarkantha, within the district of Punsari in the state of Gujarat.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0018273 |
| Branch | Punsari |
| City | Sabarkantha |
| District | Punsari |
| State | Gujarat |
| Address | Punsari, Tal. Talod Dist.Sabarkantha, Gujrat383307 |
These details help users in online banking and for businesses and individuals who use State Bank Of India in Sabarkantha for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0018273 for the Punsari 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, including State Bank Of India located in Punsari, Sabarkantha, Gujarat, is provided with a unique IFSC like SBIN0018273 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the State Bank Of India branch in Sabarkantha.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Sabarkantha and Punsari.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Gujarat and the rest of India and the IFSC Code ensures that transactions meant for State Bank Of India in Punsari do not get mixed with another location.
Format of the IFSC Code SBIN0018273
The format of the IFSC Code for banks, including State Bank Of India, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For State Bank Of India, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Punsari in Sabarkantha.
For example, the IFSC Code SBIN0018273 of State Bank Of India for the Punsari branch includes these elements, identifying the bank and the branch location in Sabarkantha and Gujarat accurately.
How to Find IFSC Code for State Bank Of India?
If you are looking for the IFSC Code SBIN0018273 of State Bank Of India for its Punsari branch located in Sabarkantha, 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 Sabarkantha and Punsari, 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 Punsari or Sabarkantha to get the exact IFSC Code SBIN0018273.
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 Sabarkantha, then it will provide you proper information.
How to Use IFSC Code SBIN0018273 for Online Transfers?
If you have the IFSC Code SBIN0018273 for the Punsari branch of State Bank Of India in Sabarkantha, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SBIN0018273. Transfers are processed in batches. 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. Asks for the recipient's account details and State Bank Of India IFSC Code SBIN0018273.
Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for State Bank Of India Punsari in Sabarkantha, it may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of State Bank Of India in Punsari, here are some of the ways 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.
Knowing both IFSC and MICR code can help account holders in Sabarkantha manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is SBIN0018273.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Punsari, Tal. Talod Dist.Sabarkantha, Gujrat383307 located in Sabarkantha, Punsari, Gujarat.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.