IFSC Code of State Bank Of India, Parkala, Udupi, Karnataka — SBIN0016869

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 Parkala branch in Udupi, Udupi, Karnataka, 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 Udupi or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code SBIN0016869. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for State Bank Of India, Parkala, Udupi

Here are some of the key details that come with the IFSC Code SBIN0016869 of State Bank Of India for its branch located in Udupi, within the district of Udupi in the state of Karnataka.

These details are crucial, not just for online banking users but also for businesses and individuals who use State Bank Of India in Udupi for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0016869 for the Parkala 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 Parkala, Udupi, Karnataka, is provided with a unique IFSC like SBIN0016869 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 Udupi.
• 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 Udupi and Udupi.
• 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 Karnataka and the rest of India and the IFSC Code ensures that transactions meant for State Bank Of India in Parkala do not get mixed with another location.

Format of the IFSC Code SBIN0016869

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): These represent the bank code. In State Bank Of India, they are a short identifier for the bank.
• 5th character (0): This is always zero and is reserved for future use.
• Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Parkala in Udupi.

For example, the IFSC Code SBIN0016869 of State Bank Of India for the Parkala branch has these elements, identifying the bank and the branch location in Udupi and Karnataka correctly.

How to Find IFSC Code for State Bank Of India?

To find the IFSC Code SBIN0016869 of State Bank Of India for its Parkala branch located in Udupi, the following methods can help you out:

Cheque Book

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

Passbook

Most banks, including State Bank Of India branches in Udupi and Udupi, 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 go to the branch locator section. Then search for Parkala or Udupi to find the exact IFSC Code SBIN0016869.

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 maintains an updated database of all IFSC codes. Searching for State Bank Of India and Udupi will provide accurate information.

How to Use IFSC Code SBIN0016869 for Online Transfers?

Once you have the IFSC Code SBIN0016869 for the Parkala branch of State Bank Of India in Udupi, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SBIN0016869. 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 SBIN0016869.

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 Parkala in Udupi 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 Parkala, 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 Udupi manage online transfers as well as cheque clearances with ease.