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 Charkhi Dadri branch in Bhiwani, Charkhi Dadri, Haryana, 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 Bhiwani or anywhere in Haryana can transfer funds instantly by using the correct IFSC Code SBIN0050103. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for State Bank Of India, Charkhi Dadri, Bhiwani

The table below shows the main details of the IFSC Code SBIN0050103 for the State Bank Of India branch in Bhiwani, which falls under the Charkhi Dadri district in Haryana.

Particulars Details
Bank State Bank Of India
IFSC Code SBIN0050103
Branch Charkhi Dadri
City Bhiwani
District Charkhi Dadri
State Haryana
Address Haryana 123306

These details helps users in online banking and for businesses and individuals who use State Bank Of India in Bhiwani for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0050103 for the Charkhi Dadri 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 Charkhi Dadri, Bhiwani, Haryana, is provided a unique IFSC like SBIN0050103 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 Charkhi Dadri.
  • 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 Charkhi Dadri do not get misguided to another person.

Format of the IFSC Code SBIN0050103

The format of the IFSC Code for banks, including State Bank Of India, has 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 Charkhi Dadri in Bhiwani.

For example, the IFSC Code SBIN0050103 of State Bank Of India for the Charkhi Dadri branch includes these elements, identifying the bank and the branch location in Bhiwani and Haryana correctly.

How to Find IFSC Code for State Bank Of India?

If you are trying to find the IFSC Code SBIN0050103 of State Bank Of India for its Charkhi Dadri branch located in Bhiwani, the following methods can help:

Cheque Book

The cheque book issued by State Bank Of India includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.

Passbook

You can easily find the IFSC and MICR codes because most banks, including State Bank Of India branches in Bhiwani and Charkhi Dadri, print them on the first page of your passbook.

Bank Website

Visit the official website of State Bank Of India and navigate to the branch locator section. Search for Charkhi Dadri or Bhiwani to get the exact IFSC Code SBIN0050103.

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 keeps an updated list of all IFSC codes. If you search for State Bank Of India and Bhiwani, you'll get the correct details.

How to Use IFSC Code SBIN0050103 for Online Transfers?

Once you have the IFSC Code SBIN0050103 for the Charkhi Dadri branch of State Bank Of India in Bhiwani, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code SBIN0050103. 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 SBIN0050103.

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 Charkhi Dadri in Bhiwani, 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 Charkhi Dadri, 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 Bhiwani manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of State Bank Of India in Charkhi Dadri, Bhiwani?

The IFSC Code is SBIN0050103.

Is the IFSC Code SBIN0050103 permanent?

Yes, but there can be changes during mergers or restructuring.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and the IFSC is for online transfers.

Where can I find the IFSC Code of State Bank Of India Charkhi Dadri?

You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Charkhi Dadri branch?

The address of the branch is Haryana 123306 located in Bhiwani, Charkhi Dadri, Haryana.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.

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