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 Shastri Nagar Bhilwara branch in Bhilwara, Bhilwara, Rajasthan, 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 Bhilwara or anywhere in Rajasthan can easily transfer funds instantly by using the correct IFSC Code SBIN0032147. 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, Shastri Nagar Bhilwara, Bhilwara
Below in the table are the key details related to IFSC Code SBIN0032147 of State Bank Of India for its branch located in Bhilwara, within the district of Bhilwara in the state of Rajasthan.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0032147 |
| Branch | Shastri Nagar Bhilwara |
| City | Bhilwara |
| District | Bhilwara |
| State | Rajasthan |
| Address | Opp Community Centre,Shashtri Nagar,Bhilwara 311001 Rajasthan |
These details are essential not only for online banking users but also for businesses and individuals who use State Bank Of India in Bhilwara for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0032147 for the Shastri Nagar Bhilwara branch of State Bank Of India plays an important role.
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 Shastri Nagar Bhilwara, Bhilwara, Rajasthan, are given a unique IFSC like SBIN0032147 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Bhilwara.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Bhilwara and Bhilwara.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to State Bank Of India in Shastri Nagar Bhilwara goes to the correct branch. This is important because State Bank Of India has thousands of branches in Rajasthan and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code SBIN0032147
This is the format of the IFSC Code for banks, including State Bank Of India, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For State Bank Of India, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Shastri Nagar Bhilwara in Bhilwara.
For example, the IFSC Code SBIN0032147 of State Bank Of India for the Shastri Nagar Bhilwara branch includes these elements, identifying the bank and the branch location in Bhilwara and Rajasthan accurately.
How to Find IFSC Code for State Bank Of India?
If you are looking for the IFSC Code SBIN0032147 of State Bank Of India for its Shastri Nagar Bhilwara branch located in Bhilwara, the following methods can help:
Cheque Book
The cheque book that is issued by State Bank Of India includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the banks, including State Bank Of India branches in Bhilwara and Bhilwara, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of State Bank Of India and look for the branch locator section, then search for Shastri Nagar Bhilwara or Bhilwara to get the exact IFSC Code SBIN0032147.
Mobile Banking App
If you use State Bank Of India's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for State Bank Of India and Bhilwara, then it will provide you proper information.
How to Use IFSC Code SBIN0032147 for Online Transfers?
Once you have the IFSC Code SBIN0032147 for the Shastri Nagar Bhilwara branch of State Bank Of India in Bhilwara, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code SBIN0032147. 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 SBIN0032147.
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 Shastri Nagar Bhilwara in Bhilwara, 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 Shastri Nagar Bhilwara, 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 Bhilwara manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is SBIN0032147.
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 Opp Community Centre,Shashtri Nagar,Bhilwara 311001 Rajasthan located in Bhilwara, Bhilwara, Rajasthan.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.