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 Settikere branch in Tumkur, Settikere, Karnataka, 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 Tumkur or anywhere in Karnataka can easily transfer funds instantly by using the correct IFSC Code SBIN0040339. 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, Settikere, Tumkur

The table below shows the main details of the IFSC Code SBIN0040339 for the State Bank Of India branch in Tumkur, which falls under the Settikere district in Karnataka.

Particulars Details
Bank State Bank Of India
IFSC Code SBIN0040339
Branch Settikere
City Tumkur
District Settikere
State Karnataka
Address Settikere,Tumkur,Karnataka,Settikere 572 226

These details are important not only for users using online banking but also for businesses and individuals who use State Bank Of India in Tumkur for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SBIN0040339 for the Settikere branch of State Bank Of India is vital.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including State Bank Of India located in Settikere, Tumkur, Karnataka, is provided a unique IFSC like SBIN0040339 so that their online payments reach the right place.

The IFSC Code is important because:

  • It uniquely recognizes the State Bank Of India branch in Tumkur.
  • Helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any confusions between multiple branches of the same bank across different places like Tumkur and Settikere.
  • It reduces most of the errors in fund transfers and makes sure its accuracy.
  • It enables sender banks to validate and confirm branch details before processing payments.

For thousands of branches across Karnataka and the rest of India, the IFSC Code ensures that transactions meant for State Bank Of India in Settikere do not get misguided to another person.

Format of the IFSC Code SBIN0040339

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 Settikere in Tumkur.

For example, the IFSC Code SBIN0040339 of State Bank Of India for the Settikere branch includes these elements, identifying the bank and the branch location in Tumkur and Karnataka accurately.

How to Find IFSC Code for State Bank Of India?

If you are trying to find the IFSC Code SBIN0040339 of State Bank Of India for its Settikere branch located in Tumkur, 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 Tumkur and Settikere, 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 Settikere or Tumkur to get the exact IFSC Code SBIN0040339.

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 Tumkur that will provide accurate information.

How to Use IFSC Code SBIN0040339 for Online Transfers?

Once you have the IFSC Code SBIN0040339 for the Settikere branch of State Bank Of India in Tumkur, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code SBIN0040339. 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 SBIN0040339.

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 Settikere in Tumkur, 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 Settikere, here are some ways that 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.

If you know both IFSC and MICR codes, then it can help account holders in Tumkur manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of State Bank Of India in Settikere, Tumkur?

The IFSC Code is SBIN0040339.

Is the IFSC Code SBIN0040339 permanent?

Yes, but it can change during merging or restructuring of the bank.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and IFSC is for online transfers.

Where can I find the IFSC Code of State Bank Of India Settikere?

You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.

What is the full address of the Settikere branch?

The address of the branch is Settikere,Tumkur,Karnataka,Settikere 572 226 located in Tumkur, Settikere, Karnataka.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.