IFSC Code of State Bank Of India, Palasa, Srikakulam, Andhra Pradesh- SBIN0020809

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 Palasa branch in Srikakulam, Srikakulam, 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 Srikakulam or anywhere in Andhra Pradesh can transfer funds instantly by using the correct IFSC Code SBIN0020809. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for State Bank Of India, Palasa, Srikakulam

The table below shows the main details of the IFSC Code SBIN0020809 for the State Bank Of India branch in Srikakulam, which falls under the Srikakulam district in Andhra Pradesh.

These details are crucial, not just for online banking users but also for businesses and individuals who use State Bank Of India in Srikakulam for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0020809 for the Palasa branch of State Bank Of India has 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, along with State Bank Of India located in Palasa, Srikakulam, Andhra Pradesh, are allotted a unique IFSC like SBIN0020809 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It clearly tells which bank branch it is in Srikakulam.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It prevents confusion between different branches of the same bank in places like Srikakulam and Srikakulam.
• 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 Palasa reaches the right place, even though there are thousands of branches in Andhra Pradesh and across India.

Format of the IFSC Code SBIN0020809

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): 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 Palasa in Srikakulam.

For example, the IFSC Code SBIN0020809 of State Bank Of India for the Palasa branch includes these elements, identifying the bank and the branch location in Srikakulam and Andhra Pradesh accurately.

How to Find IFSC Code for State Bank Of India?

If you are trying to find the IFSC Code SBIN0020809 of State Bank Of India for its Palasa branch located in Srikakulam, the following methods can help:

Cheque Book

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

Passbook

Most banks, including State Bank Of India branches in Srikakulam and Srikakulam, print the IFSC and MICR codes on the first page of your passbook.

Bank Website

Visit the official website of State Bank Of India and navigate to the branch locator section. Search for Palasa or Srikakulam to get the exact IFSC Code SBIN0020809.

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 keeps an updated list of all IFSC codes. If you search for State Bank Of India and Srikakulam, you'll get the correct details.

How to Use IFSC Code SBIN0020809 for Online Transfers?

Once you have the IFSC Code SBIN0020809 for the Palasa branch of State Bank Of India in Srikakulam, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code SBIN0020809. 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 SBIN0020809.

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 Palasa in Srikakulam, your payment can get delayed or might not go through at all.

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 Palasa, here are some ways to obtain 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.

Having both the IFSC and MICR codes makes it easy for account holders in Srikakulam to handle online money transfers and get their cheques cleared smoothly.