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 Khunwa Bazar branch in Siddharth Nagar, Siddhartha, Uttar 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 Siddharth Nagar or anywhere in Uttar Pradesh can easily transfer funds instantly by using the correct IFSC Code SBIN0009118. 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, Khunwa Bazar, Siddharth Nagar
Here are the key points that are associated with the IFSC Code SBIN0009118 of State Bank Of India for its branch located in Siddharth Nagar, within the district of Siddhartha in the state of Uttar Pradesh.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0009118 |
| Branch | Khunwa Bazar |
| City | Siddharth Nagar |
| District | Siddhartha |
| State | Uttar Pradesh |
| Address | Statebankofindiakhunwabranch |
These details help users in online banking and for businesses and individuals who use State Bank Of India in Siddharth Nagar for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0009118 for the Khunwa Bazar 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 Khunwa Bazar, Siddharth Nagar, Uttar Pradesh, are allotted a unique IFSC like SBIN0009118 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Siddharth Nagar.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Siddharth Nagar and Siddhartha.
- 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 Khunwa Bazar reaches the right place, even though there are thousands of branches in Uttar Pradesh and across India.
Format of the IFSC Code SBIN0009118
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 Khunwa Bazar in Siddharth Nagar.
For example, the IFSC Code SBIN0009118 of State Bank Of India for the Khunwa Bazar branch includes these elements, identifying the bank and the branch location in Siddharth Nagar and Uttar Pradesh correctly.
How to Find IFSC Code for State Bank Of India?
If you are looking for the IFSC Code SBIN0009118 of State Bank Of India for its Khunwa Bazar branch located in Siddharth Nagar, 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 Siddharth Nagar and Siddhartha, 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 Khunwa Bazar or Siddharth Nagar to get the exact IFSC Code SBIN0009118.
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 Siddharth Nagar, then it will provide you proper information.
How to Use IFSC Code SBIN0009118 for Online Transfers?
Once you have the IFSC Code SBIN0009118 for the Khunwa Bazar branch of State Bank Of India in Siddharth Nagar, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SBIN0009118. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and State Bank Of India IFSC Code SBIN0009118.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for State Bank Of India Khunwa Bazar in Siddharth Nagar, it can 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 Khunwa Bazar, 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 Siddharth Nagar manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Khunwa Bazar Siddharth Nagar branch is SBIN0009118.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Statebankofindiakhunwabranch.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.