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 Jagadalpur branch in Bastar, Jagdalpur, Chandigarh, 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 Bastar or anywhere in Chandigarh can transfer funds instantly by using the correct IFSC Code SBIN0000392. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for State Bank Of India, Jagadalpur, Bastar
Here are the main details that are associated with the IFSC Code SBIN0000392 of State Bank Of India for its branch located in Bastar, within the district of Jagdalpur in the state of Chandigarh.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0000392 |
| Branch | Jagadalpur |
| City | Bastar |
| District | Jagdalpur |
| State | Chandigarh |
| Address | Jagdalpur,Pb No.14,Bastar,Chattisgarh,Pin 494001 |
These details are crucial, not just for online banking users but also for businesses and individuals who use State Bank Of India in Bastar for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0000392 for the Jagadalpur 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 SBIN0000392 is given to every bank branch, including State Bank Of India located in Jagadalpur, Bastar, Chandigarh, 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 Bastar.
- 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 Bastar and Jagdalpur.
- 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 Chandigarh and the rest of India, which is why the IFSC Code ensures that transactions meant for State Bank Of India in Jagadalpur doesn't end up at another location.
Format of the IFSC Code SBIN0000392
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 Jagadalpur in Bastar.
For example, the IFSC Code SBIN0000392 of State Bank Of India for the Jagadalpur branch includes these elements, identifying the bank and the branch location in Bastar and Chandigarh accurately.
How to Find IFSC Code for State Bank Of India?
To find the IFSC Code SBIN0000392 of State Bank Of India for its Jagadalpur branch located in Bastar, the following methods can help you out:
Cheque Book
The cheque book issued by State Bank Of India includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including State Bank Of India branches in Bastar and Jagdalpur, 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 go to the branch locator section. Then search for Jagadalpur or Bastar to find the exact IFSC Code SBIN0000392.
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 maintains an updated database of all IFSC codes. Searching for State Bank Of India and Bastar will provide accurate information.
How to Use IFSC Code SBIN0000392 for Online Transfers?
If you have the IFSC Code SBIN0000392 for the Jagadalpur branch of State Bank Of India in Bastar, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SBIN0000392. 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 SBIN0000392.
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 Jagadalpur in Bastar, 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 Jagadalpur, 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 Bastar manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is SBIN0000392.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Jagdalpur,Pb No.14,Bastar,Chattisgarh,Pin 494001 located in Bastar, Jagdalpur, Chandigarh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.