IFSC Code State Bank of India UP

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Historical Significance

The first-ever IFSC code for a branch of State Bank of India in Uttar Pradesh was assigned on April 1, 2012.

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Unique Branch Identification

Each branch of State Bank of India in Uttar Pradesh has its distinct IFSC code, which acts as an exclusive identifier for transactions.

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Pan-India Applicability

The IFSC code of State Bank of India in Uttar Pradesh can be used for online transactions across India, not limited to the state itself.

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RBI's Oversight

The Reserve Bank of India (RBI) is responsible for allocating and regulating IFSC codes for all banks, including State Bank of India in Uttar Pradesh.

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Eleven-Digit Code

The IFSC code of State Bank of India in Uttar Pradesh consists of eleven alphanumeric characters, with the first four letters representing the bank's name.

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Branch-Specific Information

The fifth character in the IFSC code provides branch-level information, helping in the identification of the particular branch within the bank.

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Electronic Fund Transfer

 The IFSC code plays a crucial role in facilitating secure electronic fund transfers (NEFT, RTGS, and IMPS) for State Bank of India branches in Uttar Pradesh.

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Ensuring Accuracy

The IFSC code acts as a verification tool, ensuring that funds are transferred to the correct branch of State Bank of India in Uttar Pradesh.

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