IFSC Code of State Bank Of India, Barauni Refinery Campus, Barauni, Bihar — SBIN0001502

Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of State Bank Of India for its Barauni Refinery Campus branch in Begusarai, Barauni, or Bihar, this guide will help you with all the details.

There have been major changes in the banking sector in India and today, the customers of State Bank Of India located in Begusarai or anywhere in Bihar can transfer funds instantly by using the correct IFSC Code SBIN0001502. You should definitely 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, Barauni Refinery Campus, Begusarai

Here are some of the key details that come with the IFSC Code SBIN0001502 of State Bank Of India for its branch located in Begusarai, within the district of Barauni in the state of Bihar.

These details helps users in online banking and for businesses and individuals who use State Bank Of India in Begusarai for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0001502 for the Barauni Refinery Campus branch of State Bank Of India plays a vital role.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including State Bank Of India located in Barauni Refinery Campus, Begusarai, Bihar, is provided a unique IFSC like SBIN0001502 so that their online payments reach the right place.

The IFSC Code is important because:

• It uniquely recognizes the State Bank Of India branch in Begusarai.
• Helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any confusions between multiple branches of the same bank across different places like Begusarai and Barauni.
• It reduces most of the errors in fund transfers and makes sure its accuracy.
• It enables sender banks to validate and confirm branch details before processing payments.

For thousands of branches across Bihar and the rest of India, the IFSC Code ensures that transactions meant for State Bank Of India in Barauni Refinery Campus do not get misguided to another person.

Format of the IFSC Code SBIN0001502

The format of the IFSC Code for banks, including State Bank Of India, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown:

• First 4 characters (AAAA): Show the bank code. For State Bank Of India, these letters represent the bank's short name.
• 5th character: Is always zero and is kept for future use.
• Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Barauni Refinery Campus in Begusarai.

For example, the IFSC Code SBIN0001502 of State Bank Of India for the Barauni Refinery Campus branch includes these elements, identifying the bank and the branch location in Begusarai and Bihar accurately.

How to Find IFSC Code for State Bank Of India?

If you are trying to find the IFSC Code SBIN0001502 of State Bank Of India for its Barauni Refinery Campus branch located in Begusarai, 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 Begusarai and Barauni, 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 Barauni Refinery Campus or Begusarai to get the exact IFSC Code SBIN0001502.

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 Begusarai that will provide accurate information.

How to Use IFSC Code SBIN0001502 for Online Transfers?

Once you have the IFSC Code SBIN0001502 for the Barauni Refinery Campus branch of State Bank Of India in Begusarai, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code SBIN0001502. The transfer is completed in batches instead of instantly. It is useful for both 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 SBIN0001502.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the State Bank Of India Barauni Refinery Campus in Begusarai, your payment can get delayed or might not go through at all.

Finding the MICR Code

MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of State Bank Of India in Barauni Refinery Campus, here are some of the ways you can get 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.

Knowing both IFSC and MICR code can help account holders in Begusarai manage their online transfers and cheque clearances easily.