Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of State Bank Of India for its Rayakottai branch in Vellore, Royakottah, or Tamil Nadu, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the customers of State Bank Of India located in Vellore or anywhere in Tamil Nadu can transfer funds instantly by using the correct IFSC Code SBIN0011059. You should definitely 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, Rayakottai, Vellore
The table below shows the main details of the IFSC Code SBIN0011059 for the State Bank Of India branch in Vellore, which falls under the Royakottah district in Tamil Nadu.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0011059 |
| Branch | Rayakottai |
| City | Vellore |
| District | Royakottah |
| State | Tamil Nadu |
| Address | Dist Krishnagiri, Tamil Nadu |
These details are crucial, not just for online banking users but also for businesses and individuals who use State Bank Of India in Vellore for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0011059 for the Rayakottai 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 Rayakottai, Vellore, Tamil Nadu, is provided with a unique IFSC like SBIN0011059 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 Vellore.
- 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 Vellore and Royakottah.
- 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 Tamil Nadu and the rest of India and the IFSC Code ensures that transactions meant for State Bank Of India in Rayakottai do not get mixed with another location.
Format of the IFSC Code SBIN0011059
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 Rayakottai in Vellore.
For example, the IFSC Code SBIN0011059 of State Bank Of India for the Rayakottai branch includes these elements, identifying the bank and the branch location in Vellore and Tamil Nadu correctly.
How to Find IFSC Code for State Bank Of India?
To find the IFSC Code SBIN0011059 of State Bank Of India for its Rayakottai branch located in Vellore, 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 Vellore and Royakottah, 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 Rayakottai or Vellore to find the exact IFSC Code SBIN0011059.
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 Vellore will provide accurate information.
How to Use IFSC Code SBIN0011059 for Online Transfers?
Once you have the IFSC Code SBIN0011059 for the Rayakottai branch of State Bank Of India in Vellore, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code SBIN0011059. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹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 SBIN0011059.
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 Rayakottai in Vellore, your payment can get delayed or might not go through at all.
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 Rayakottai, 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 Vellore manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is SBIN0011059.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Dist Krishnagiri, Tamil Nadu located in Vellore, Royakottah, Tamil Nadu.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.