IFSC Code of State Bank Of India, Baund, Baund Kalan, Haryana — SBIN0050143

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 Baund branch in Bhiwani, Baund Kalan, Haryana, 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 Bhiwani or anywhere in Haryana can transfer funds instantly by using the correct IFSC Code SBIN0050143. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for State Bank Of India, Baund, Bhiwani

The table below shows the main details of the IFSC Code SBIN0050143 for the State Bank Of India branch in Bhiwani, which falls under the Baund Kalan district in Haryana.

These details are important not only for users using online banking but also for businesses and individuals who use State Bank Of India in Bhiwani for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SBIN0050143 for the Baund branch of State Bank Of India is vital.

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 Baund, Bhiwani, Haryana, is provided a unique IFSC like SBIN0050143 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 Bhiwani.
• 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 Bhiwani and Baund Kalan.
• 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 Haryana and the rest of India, the IFSC Code ensures that transactions meant for State Bank Of India in Baund do not get misguided to another person.

Format of the IFSC Code SBIN0050143

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 Baund in Bhiwani.

For example, the IFSC Code SBIN0050143 of State Bank Of India for the Baund branch includes these elements, identifying the bank and the branch location in Bhiwani and Haryana accurately.

How to Find IFSC Code for State Bank Of India?

If you are looking for the IFSC Code SBIN0050143 of State Bank Of India for its Baund branch located in Bhiwani, 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 Bhiwani and Baund Kalan, 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 Baund or Bhiwani to get the exact IFSC Code SBIN0050143.

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 Bhiwani, then it will provide you proper information.

How to Use IFSC Code SBIN0050143 for Online Transfers?

If you have the IFSC Code SBIN0050143 for the Baund branch of State Bank Of India in Bhiwani, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SBIN0050143. 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 SBIN0050143.

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 Baund in Bhiwani, it 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 Baund, here are some ways that 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.

If you know both IFSC and MICR codes, then it can help account holders in Bhiwani manage online transfers as well as cheque clearances with ease.