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 Jindal Stainless Steel Ltd.Hisar branch in Bareilly, Hisar, Haryana, 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 Bareilly or anywhere in Haryana can easily transfer funds instantly by using the correct IFSC Code SBIN0010318. 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, Jindal Stainless Steel Ltd.Hisar, Bareilly
Here are some of the key details that come with the IFSC Code SBIN0010318 of State Bank Of India for its branch located in Bareilly, within the district of Hisar in the state of Haryana.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0010318 |
| Branch | Jindal Stainless Steel Ltd.Hisar |
| City | Bareilly |
| District | Hisar |
| State | Haryana |
| Address | Jsl Premises Delhi Road Hisar 125005 |
These details are important not only for users using online banking but also for businesses and individuals who use State Bank Of India in Bareilly for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SBIN0010318 for the Jindal Stainless Steel Ltd.Hisar branch of State Bank Of India is vital.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with State Bank Of India located in Jindal Stainless Steel Ltd.Hisar, Bareilly, Haryana, are allotted a unique IFSC like SBIN0010318 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Bareilly.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Bareilly and Hisar.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to State Bank Of India in Jindal Stainless Steel Ltd.Hisar reaches the right place, even though there are thousands of branches in Haryana and across India.
Format of the IFSC Code SBIN0010318
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 Jindal Stainless Steel Ltd.Hisar in Bareilly.
For example, the IFSC Code SBIN0010318 of State Bank Of India for the Jindal Stainless Steel Ltd.Hisar branch includes these elements, identifying the bank and the branch location in Bareilly and Haryana accurately.
How to Find IFSC Code for State Bank Of India?
If you are trying to find the IFSC Code SBIN0010318 of State Bank Of India for its Jindal Stainless Steel Ltd.Hisar branch located in Bareilly, the following methods can help:
Cheque Book
The cheque book issued by State Bank Of India includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
You can easily find the IFSC and MICR codes because most banks, including State Bank Of India branches in Bareilly and Hisar, print them on the first page of your passbook.
Bank Website
Visit the official website of State Bank Of India and navigate to the branch locator section. Search for Jindal Stainless Steel Ltd.Hisar or Bareilly to get the exact IFSC Code SBIN0010318.
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 keeps an updated list of all IFSC codes. If you search for State Bank Of India and Bareilly, you'll get the correct details.
How to Use IFSC Code SBIN0010318 for Online Transfers?
Once you have the IFSC Code SBIN0010318 for the Jindal Stainless Steel Ltd.Hisar branch of State Bank Of India in Bareilly, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SBIN0010318. Transfers are processed in batches. This is 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. Requires the recipient's account details and State Bank Of India IFSC Code SBIN0010318.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for State Bank Of India Jindal Stainless Steel Ltd.Hisar in Bareilly 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 Jindal Stainless Steel Ltd.Hisar, here are some ways to obtain 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.
Having both the IFSC and MICR codes makes it easy for account holders in Bareilly to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is SBIN0010318.
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 Jsl Premises Delhi Road Hisar 125005 located in Bareilly, Hisar, Haryana.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.