For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of State Bank Of India for its Currency Administration Cell branch in Agartala, Agartala, Tripura, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of State Bank Of India located in Agartala or anywhere in Tripura can transfer funds instantly by using the correct IFSC Code SBIN0010261. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for State Bank Of India, Currency Administration Cell, Agartala
Here are some of the key details that come with the IFSC Code SBIN0010261 of State Bank Of India for its branch located in Agartala, within the district of Agartala in the state of Tripura.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0010261 |
| Branch | Currency Administration Cell |
| City | Agartala |
| District | Agartala |
| State | Tripura |
| Address | State Bank Of India,Agartala Branch,Agartala 799001 |
These details are crucial, not just for online banking users but also for businesses and individuals who use State Bank Of India in Agartala for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0010261 for the Currency Administration Cell 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 that is provided by the Reserve Bank of India. A unique IFSC like SBIN0010261 is given to every bank branch, including State Bank Of India located in Currency Administration Cell, Agartala, Tripura, 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 Agartala.
- 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 Agartala and Agartala.
- 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 Tripura and the rest of India, which is why the IFSC Code ensures that transactions meant for State Bank Of India in Currency Administration Cell doesn't end up at another location.
Format of the IFSC Code SBIN0010261
The format of the IFSC Code for banks, including State Bank Of India, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For State Bank Of India, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Currency Administration Cell in Agartala.
For example, the IFSC Code SBIN0010261 of State Bank Of India for the Currency Administration Cell branch includes these elements, identifying the bank and the branch location in Agartala and Tripura accurately.
How to Find IFSC Code for State Bank Of India?
If you are trying to find the IFSC Code SBIN0010261 of State Bank Of India for its Currency Administration Cell branch located in Agartala, the following methods can help:
Cheque Book
The cheque books that are issued by State Bank Of India include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including State Bank Of India branches in Agartala and Agartala, 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 find the branch locator section. Search for Currency Administration Cell or Agartala to get the exact IFSC Code SBIN0010261.
Mobile Banking App
If you use State Bank Of India's mobile app, you can easily 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 to help you in searching for State Bank Of India and Agartala that will provide accurate information.
How to Use IFSC Code SBIN0010261 for Online Transfers?
If you have the IFSC Code SBIN0010261 for the Currency Administration Cell branch of State Bank Of India in Agartala, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SBIN0010261. 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 SBIN0010261.
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 Currency Administration Cell in Agartala, it may result in delayed or failed transactions.
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 Currency Administration Cell, 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 Agartala manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is SBIN0010261.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is State Bank Of India,Agartala Branch,Agartala 799001 located in Agartala, Agartala, Tripura.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.