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 Muthunagar branch in Tuticorin, Muthunagar, Tamil Nadu, 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 Tuticorin or anywhere in Tamil Nadu can transfer funds instantly by using the correct IFSC Code SBIN0014463. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for State Bank Of India, Muthunagar, Tuticorin

Below in the table are the key details related to IFSC Code SBIN0014463 of State Bank Of India for its branch located in Tuticorin, within the district of Muthunagar in the state of Tamil Nadu.

Particulars Details
Bank State Bank Of India
IFSC Code SBIN0014463
Branch Muthunagar
City Tuticorin
District Muthunagar
State Tamil Nadu
Address 84 By 09 By A,Palayamkottai Road West,Tuticorin,Dist Tuticorin 628008

These details help users in online banking and for businesses and individuals who use State Bank Of India in Tuticorin for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0014463 for the Muthunagar 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 that is provided by the Reserve Bank of India. A unique IFSC like SBIN0014463 is given to every bank branch, including State Bank Of India located in Muthunagar, Tuticorin, Tamil Nadu, to make sure that online payments reach the right place.

The IFSC Code is important because:

  • It uniquely identifies the State Bank Of India branch in Tuticorin.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any kind of confusion between multiple branches of the same bank across different places like Tuticorin and Muthunagar.
  • It removes errors in fund transfers and improves accuracy.
  • It lets the sender banks validate and confirm branch details before they process the payments.

There are thousands of branches across Tamil Nadu and the rest of India, which is why the IFSC Code ensures that transactions meant for State Bank Of India in Muthunagar doesn't end up at another location.

Format of the IFSC Code SBIN0014463

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 Muthunagar in Tuticorin.

For example, the IFSC Code SBIN0014463 of State Bank Of India for the Muthunagar branch includes these elements, identifying the bank and the branch location in Tuticorin and Tamil Nadu correctly.

How to Find IFSC Code for State Bank Of India?

If you are trying to find the IFSC Code SBIN0014463 of State Bank Of India for its Muthunagar branch located in Tuticorin, 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 Tuticorin and Muthunagar, 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 Muthunagar or Tuticorin to get the exact IFSC Code SBIN0014463.

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 Tuticorin that will provide accurate information.

How to Use IFSC Code SBIN0014463 for Online Transfers?

Once you have the IFSC Code SBIN0014463 for the Muthunagar branch of State Bank Of India in Tuticorin, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code SBIN0014463. 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 SBIN0014463.

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 Muthunagar in Tuticorin, 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 Muthunagar, 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 Tuticorin to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of State Bank Of India Muthunagar Tuticorin?

The IFSC Code of the Muthunagar Tuticorin branch is SBIN0014463.

Is IFSC Code SBIN0014463 permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the State Bank Of India Muthunagar branch?

The branch is located at 84 By 09 By A,Palayamkottai Road West,Tuticorin,Dist Tuticorin 628008.

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.