For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of State Bank Of India for its Collectorate Complex Siddipet branch in Siddipet, Siddipet, Telangana, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of State Bank Of India located in Siddipet or anywhere in Telangana can transfer funds instantly by using the correct IFSC Code SBIN0064000. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for State Bank Of India, Collectorate Complex Siddipet, Siddipet
Here are some of the key details that come with the IFSC Code SBIN0064000 of State Bank Of India for its branch located in Siddipet, within the district of Siddipet in the state of Telangana.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0064000 |
| Branch | Collectorate Complex Siddipet |
| City | Siddipet |
| District | Siddipet |
| State | Telangana |
| Address | Collectorate Complex Branch,Duddeda Village,Kondapak Mandal Siddipet Pin 502277 |
These details are essential not only for online banking users but also for businesses and individuals who use State Bank Of India in Siddipet for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0064000 for the Collectorate Complex Siddipet branch of State Bank Of India plays an 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 Collectorate Complex Siddipet, Siddipet, Telangana, is provided with a unique IFSC like SBIN0064000 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 Siddipet.
- 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 Siddipet and Siddipet.
- 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 Telangana and the rest of India and the IFSC Code ensures that transactions meant for State Bank Of India in Collectorate Complex Siddipet do not get mixed with another location.
Format of the IFSC Code SBIN0064000
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 Collectorate Complex Siddipet in Siddipet.
For example, the IFSC Code SBIN0064000 of State Bank Of India for the Collectorate Complex Siddipet branch includes these elements, identifying the bank and the branch location in Siddipet and Telangana accurately.
How to Find IFSC Code for State Bank Of India?
If you are trying to find the IFSC Code SBIN0064000 of State Bank Of India for its Collectorate Complex Siddipet branch located in Siddipet, the following methods can help:
Cheque Book
The cheque books that are issued by State Bank Of India include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including State Bank Of India branches in Siddipet and Siddipet, 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 find the branch locator section. Search for Collectorate Complex Siddipet or Siddipet to get the exact IFSC Code SBIN0064000.
Mobile Banking App
If you use State Bank Of India's mobile app, you can easily 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 to help you in searching for State Bank Of India and Siddipet that will provide accurate information.
How to Use IFSC Code SBIN0064000 for Online Transfers?
Once you have the IFSC Code SBIN0064000 for the Collectorate Complex Siddipet branch of State Bank Of India in Siddipet, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code SBIN0064000. The transfer is completed in batches instead of instantly. It is useful for both 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 SBIN0064000.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the State Bank Of India Collectorate Complex Siddipet in Siddipet, your payment can get delayed or might not go through at all.
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 Collectorate Complex Siddipet, 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 Siddipet manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is SBIN0064000.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Collectorate Complex Branch,Duddeda Village,Kondapak Mandal Siddipet Pin 502277 located in Siddipet, Siddipet, Telangana.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.