State Bank of India — RNW, FOCAL POINT, LUDHIANA Branch

How to Use SBIN0002342 for Money Transfers

The IFSC code SBIN0002342 is specifically assigned to the RNW, FOCAL POINT, LUDHIANA branch of State Bank of India located in LUDHIANA, PUNJAB. This unique code is mandatory for routing electronic payments correctly within India.

NEFT Transfer

Use SBIN0002342 when adding this branch as a beneficiary in NEFT transactions. NEFT operates in half-hourly batches from 12:30 AM to 12:00 AM on all days. Enter the IFSC, account number, and account holder name carefully to ensure successful transfer.

RTGS Transfer

For high-value transactions above ₹2 lakh, RTGS offers real-time gross settlement. Use SBIN0002342 along with the beneficiary's exact account number. RTGS is available on working days from 7:00 AM to 6:00 PM.

IMPS & UPI

IMPS and UPI allow instant 24×7 transfers. While UPI apps often auto-resolve the IFSC from the VPA, mobile banking apps require SBIN0002342 when registering a new beneficiary.

Always double-check the account number before confirming any transfer — the IFSC routes funds to the correct branch, but the account number specifies the exact recipient.

About State Bank of India RNW, FOCAL POINT, LUDHIANA Branch

The RNW, FOCAL POINT, LUDHIANA branch of State Bank of India is situated in LUDHIANA, PUNJAB. The branch address is C-39,FOCAL POINT,LUDHIANA,DHANDARI KALAN,LUDHIANA DISTLUDHIANA,PUNJAB 141011. This branch supports electronic payment services including NEFT, RTGS, IMPS, and UPI. Always use the IFSC code SBIN0002342 when making any online fund transfer to an account held at this branch.