The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of State Bank Of India for its Barari branch in Bhagalpur, Barari, Bihar, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of State Bank Of India located in Bhagalpur or anywhere in Bihar can transfer funds instantly by using the correct IFSC Code SBIN0003042. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for State Bank Of India, Barari, Bhagalpur
Below in the table are the key details related to IFSC Code SBIN0003042 of State Bank Of India for its branch located in Bhagalpur, within the district of Barari in the state of Bihar.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0003042 |
| Branch | Barari |
| City | Bhagalpur |
| District | Barari |
| State | Bihar |
| Address | P.O.Barari,Bhagalpur,Bihar,Pin 812003 |
These details are important not only for users using online banking but also for businesses and individuals who use State Bank Of India in Bhagalpur for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SBIN0003042 for the Barari 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 Barari, Bhagalpur, Bihar, are allotted a unique IFSC like SBIN0003042 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Bhagalpur.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Bhagalpur and Barari.
- 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 Barari reaches the right place, even though there are thousands of branches in Bihar and across India.
Format of the IFSC Code SBIN0003042
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 Barari in Bhagalpur.
For example, the IFSC Code SBIN0003042 of State Bank Of India for the Barari branch includes these elements, identifying the bank and the branch location in Bhagalpur and Bihar accurately.
How to Find IFSC Code for State Bank Of India?
If you are trying to find the IFSC Code SBIN0003042 of State Bank Of India for its Barari branch located in Bhagalpur, 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 Bhagalpur and Barari, 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 Barari or Bhagalpur to get the exact IFSC Code SBIN0003042.
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 Bhagalpur that will provide accurate information.
How to Use IFSC Code SBIN0003042 for Online Transfers?
Once you have the IFSC Code SBIN0003042 for the Barari branch of State Bank Of India in Bhagalpur, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code SBIN0003042. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹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 SBIN0003042.
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 Barari in Bhagalpur, your payment can get delayed or might not go through at all.
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 Barari, 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 Bhagalpur manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is SBIN0003042.
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 P.O.Barari,Bhagalpur,Bihar,Pin 812003 located in Bhagalpur, Barari, Bihar.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.