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 Balaji Nagar, Yapral branch in Yapral, Yapral, Telangana, 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 Yapral or anywhere in Telangana can easily transfer funds instantly by using the correct IFSC Code SBIN0061794. 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, Balaji Nagar, Yapral, Yapral

Below in the table are the key details related to IFSC Code SBIN0061794 of State Bank Of India for its branch located in Yapral, within the district of Yapral in the state of Telangana.

Particulars Details
Bank State Bank Of India
IFSC Code SBIN0061794
Branch Balaji Nagar, Yapral
City Yapral
District Yapral
State Telangana
Address D.No 4-240 (Old No 8-30), Ex-Serviceman Colony, Phase - Ii, Balajinagar, Yapral, Hyderabad 500055

These details help users in online banking and for businesses and individuals who use State Bank Of India in Yapral for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0061794 for the Balaji Nagar, Yapral 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 SBIN0061794 is given to every bank branch, including State Bank Of India located in Balaji Nagar, Yapral, Yapral, Telangana, 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 Yapral.
  • 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 Yapral and Yapral.
  • 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 Telangana and the rest of India, which is why the IFSC Code ensures that transactions meant for State Bank Of India in Balaji Nagar, Yapral doesn't end up at another location.

Format of the IFSC Code SBIN0061794

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 Balaji Nagar, Yapral in Yapral.

For example, the IFSC Code SBIN0061794 of State Bank Of India for the Balaji Nagar, Yapral branch includes these elements, identifying the bank and the branch location in Yapral and Telangana accurately.

How to Find IFSC Code for State Bank Of India?

To find the IFSC Code SBIN0061794 of State Bank Of India for its Balaji Nagar, Yapral branch located in Yapral, 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 Yapral and Yapral, 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 Balaji Nagar, Yapral or Yapral to find the exact IFSC Code SBIN0061794.

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 Yapral will provide accurate information.

How to Use IFSC Code SBIN0061794 for Online Transfers?

If you have the IFSC Code SBIN0061794 for the Balaji Nagar, Yapral branch of State Bank Of India in Yapral, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SBIN0061794. Transfers are processed in batches. 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. Asks for the recipient's account details and State Bank Of India IFSC Code SBIN0061794.

Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for State Bank Of India Balaji Nagar, Yapral in Yapral, it may result in delayed or failed transactions.

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 Balaji Nagar, Yapral, 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 Yapral manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of State Bank Of India Balaji Nagar, Yapral Yapral?

The IFSC Code of the Balaji Nagar, Yapral Yapral branch is SBIN0061794.

Is IFSC Code SBIN0061794 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 Balaji Nagar, Yapral branch?

The branch is located at D.No 4-240 (Old No 8-30), Ex-Serviceman Colony, Phase - Ii, Balajinagar, Yapral, Hyderabad 500055.

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.