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IFSC Code Locator

Figure out IFSC Code, MICR Code and more details for Electronic Fund Transfers (NEFT, RTGS, IMPS) in India.

sbi SBI BANK (SBIN0008910)

IFSC Code :

SBIN0008910 (used for RTGS, IMPS and NEFT Transactions)

Address :

Town Hall Gorakhpr

State :

Uttarpradesh

City :

Gorakhpur

Branch :

Zonal Office Gorakhpur (off. Admin.)
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Table of Content

table-of-content

What does IFSC Code stand for?

IFSC refers to “Indian Financial System Code” which is a unique eleven character alphanumeric code provided by the Reserve Bank of India. It is used to identify specific bank branches for online transactions. This code is essential for smooth and secure digital fund transfers in India and helps you to locate the exact bank branch. The different types of fund transfers are NEFT (National Electronic Funds Transfer), RTGS (Immediate Payment Service) and IMPS (Real Time Gross Settlement).

Understanding the Format of the IFSC Code

The IFSC code has a straightforward format:

  • Bank Code: The first four characters are the bank code which is specific to each bank. (e.g., SBIN for State Bank of India).
  • Zero: The fifth digit is always zero for future use.
  • Branch Code: The remaining six digits of the code are the branch code which can be either numeric or alphabetic. 

For instance, in SBI IFSC Code "SBIN0003456", SBIN is the abbreviation of State Bank of India and 003456 is one of its branches

Benefits of IFSC Code

  • Fast & secure payment transfer: IFSC code provides quick and secure electronic transfer. 
  • Facilitates online banking: IFSC codes are utilized for seamless internet banking transactions.
  • Instant money transfer: Transfer funds immediately using NEFT, RTGS or IMPS. 
  • Error-free money transactions: It minimizes the chance of mistakes during find transfers. 
  • Paperless cash transaction: Supports eco-friendly, digital banking methods. 
  • Immediate payment validation: Confirms the transaction details instantly and ensures accuracy. 

How to Know the IFSC Code of Your Branch

Finding the IFSC code of your bank branch is easy. Here’s how you can access it:

  • Passbook: You can check the front pages where bank details are listed. 
  • Chequebook: IFSC code can also be found on every cheque issued by your bank. 
  • Official bank website: The IFSC code of a bank can also be found on its official website.
  • RBI website: The Reserve Bank of India website provides verified information about bank codes. 

What does MICR Code stand for?

MICR refers to Magnetic Ink Character Recognition. It is banking technology employed in cheque processing, enabling easy and secure transactions in a fast way. MICR code is an exclusive code through which you are able to trace the bank and branch of the transaction. Through this technology, scanning and reading of cheques is made possible with the use of special ink which eliminates mistakes and makes the process faster.

Understanding the Format of the MICR Code

MICR code is a 9-digit code usually printed at the bottom of a cheque.

  • City code: The first three digits represent the city code. 
  • Bank code: The next three digits depict the bank code. 
  • Branch code: The last three digits identify the branch code.

Benefits of MICR Code

  • Allows fast and error-free cheque processing. 
  • Enables faster clearance of cheques.
  • Makes banking more convenient for customers. 
  • Recognized by banks globally. 
  • Prevents the risk of check fraud.

How to Know Your MICR Code

You can find your MICR code printed at the bottom of any cheque leaf. Usually, The MICR code is printed next to the cheque number. Alternatively, you can simply search online or on the official RBI website. Remember, this code is essential for ensuring secure and efficient cheque transactions. 

What is an IFSC and MICR Code Checker?

An IFSC Code Checker is an online tool that allows you to quickly verify the Indian Financial System Code of any bank branch in India. By using an IFSC code finder you can 

  • Ensure that the IFSC code you are using for the transaction is correct.
  • Avoid mistakes in online fund transfers. 
  • Confirm the bank branch details associated with the IFSC code. 

Simply enter the bank name and branch details and the tool will provide you with correct IFSC code. Alternatively, if you already have an IFSC code, you can use the checker to know bank details.

How to Use Chartered ONE’s IFSC Code Checker

Using our IFSC code finder is simple.

  • Visit our IFSC Code Checker page. 
  • Input the name of the bank you are looking for. 
  • After selecting the bank, choose the state and district where the bank is located. 
  • You may also need to enter the specific branch location. 
  • Once you provide the details, the tool will display the correct IFSC code for that branch.
  • Start your search with Chartered ONE's IFSC Lookup Tool and enjoy secure online banking.

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FAQs

Here are some common questions we receive from our customers. If you have any additional questions, please don’t hesitate to contact us.

What is the full form of IFSC?

The full form of IFSC is Indian Financial System Code. It is an 11-character code assigned by RBI to each bank branch in India participating in any electronic payments.

Why do I need the IFSC code for online transactions?

The IFSC code ensures that your money is transferred to the correct bank branch during an online transaction. It is essential for NEFT, RTGS, and IMPS transfers. 

How can I check my IFSC code?

You can check your IFSC code on your bank passbook, cheque book, the bank’s official website, the RBI website, or by using an online IFSC Code Checker. 

Is IFSC code compulsory for net banking and online transactions?

Yes, an IFSC code is mandatory for net banking and online transactions. It is essential for identifying the bank branch and is required to do any electronic fund transfers. 

What happens if I enter the wrong IFSC code during a transaction?

If you enter the wrong IFSC code, the transaction may fail or your money could be transferred to the wrong bank account. It is important to check the IFSC code before completing any online transfers.

Is the IFSC code the same for all branches of a bank?

No, each bank has its unique IFSC code. Even branches of the same bank in different locations will have distinct IFSC codes.

Can the IFSC code change over time?

Yes, the IFSC code can change if the bank undergoes a merger, rebranding or relocation of branches. It is always good to verify the latest IFSC code before making a transaction.

Is the IFSC code required for international transactions?

No, the IFSC code is specific to money transactions within India. For international transactions, you would need the SWIFT code of the bank.

What is a MICR code?

MICR (Magnetic Ink Character Recognition) code is a 9-digit code printed at the bottom of a cheque leaf. This code is read by a MICR reader or machine which helps process and sort cheques quickly. 

What is the use of MICR codes?

The MICR code plays a significant role in cheque transactions both domestically and internationally. It carries crucial information like bank details, bank code and cheque number. Without the MICR code, sending or receiving money internationally from cheques becomes difficult, as it streamlines the process and ensures accuracy. 

Are the IFSC or MICR codes the same?

No, they are not. While the IFSC code is used for online fund transfers between bank branches within India, the MICR code is for cheque-based transactions and supports international money transfers. The IFSC code is assigned by the RBI to each bank branch, while the MICR code helps in smooth cheque processing worldwide.

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