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 Shalimar Srinagar branch in Srinagar, Srinagar, Jammu And Kashmir, 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 Srinagar or anywhere in Jammu And Kashmir can transfer funds instantly by using the correct IFSC Code SBIN0017692. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for State Bank Of India, Shalimar Srinagar, Srinagar
Here are some of the key details that come with the IFSC Code SBIN0017692 of State Bank Of India for its branch located in Srinagar, within the district of Srinagar in the state of Jammu And Kashmir.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0017692 |
| Branch | Shalimar Srinagar |
| City | Srinagar |
| District | Srinagar |
| State | Jammu And Kashmir |
| Address | Wadoo And Sons Complex Pazwalpora Shalimar,Shrinagar,Kashmir.Jammu And Kashmir 191121 |
These details are crucial, not just for online banking users but also for businesses and individuals who use State Bank Of India in Srinagar for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0017692 for the Shalimar Srinagar 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, including State Bank Of India located in Shalimar Srinagar, Srinagar, Jammu And Kashmir, is provided with a unique IFSC like SBIN0017692 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 Srinagar.
- 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 Srinagar and Srinagar.
- 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 Jammu And Kashmir and the rest of India and the IFSC Code ensures that transactions meant for State Bank Of India in Shalimar Srinagar do not get mixed with another location.
Format of the IFSC Code SBIN0017692
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 Shalimar Srinagar in Srinagar.
For example, the IFSC Code SBIN0017692 of State Bank Of India for the Shalimar Srinagar branch includes these elements, identifying the bank and the branch location in Srinagar and Jammu And Kashmir correctly.
How to Find IFSC Code for State Bank Of India?
If you are looking for the IFSC Code SBIN0017692 of State Bank Of India for its Shalimar Srinagar branch located in Srinagar, 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 Srinagar and Srinagar, 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 Shalimar Srinagar or Srinagar to get the exact IFSC Code SBIN0017692.
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 Srinagar, then it will provide you proper information.
How to Use IFSC Code SBIN0017692 for Online Transfers?
Once you have the IFSC Code SBIN0017692 for the Shalimar Srinagar branch of State Bank Of India in Srinagar, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SBIN0017692. 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 SBIN0017692.
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 Shalimar Srinagar in Srinagar may 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 Shalimar Srinagar, 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 Srinagar manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is SBIN0017692.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Wadoo And Sons Complex Pazwalpora Shalimar,Shrinagar,Kashmir.Jammu And Kashmir 191121 located in Srinagar, Srinagar, Jammu And Kashmir.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.