IFSC Code of State Bank Of India, Shrikant Verma Marg Branch Bilaspur, Bilaspur, Chattisgarh — SBIN0012123

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 Shrikant Verma Marg Branch Bilaspur branch in Bilaspur, Bilaspur, Chattisgarh, 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 Bilaspur or anywhere in Chattisgarh can easily transfer funds instantly by using the correct IFSC Code SBIN0012123. 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, Shrikant Verma Marg Branch Bilaspur, Bilaspur

Below in the table are the key details related to IFSC Code SBIN0012123 of State Bank Of India for its branch located in Bilaspur, within the district of Bilaspur in the state of Chattisgarh.

These details are important not only for users using online banking but also for businesses and individuals who use State Bank Of India in Bilaspur for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SBIN0012123 for the Shrikant Verma Marg Branch Bilaspur 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 Shrikant Verma Marg Branch Bilaspur, Bilaspur, Chattisgarh, are allotted a unique IFSC like SBIN0012123 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It clearly tells which bank branch it is in Bilaspur.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It prevents confusion between different branches of the same bank in places like Bilaspur and Bilaspur.
• 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 Shrikant Verma Marg Branch Bilaspur reaches the right place, even though there are thousands of branches in Chattisgarh and across India.

Format of the IFSC Code SBIN0012123

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 Shrikant Verma Marg Branch Bilaspur in Bilaspur.

For example, the IFSC Code SBIN0012123 of State Bank Of India for the Shrikant Verma Marg Branch Bilaspur branch includes these elements, identifying the bank and the branch location in Bilaspur and Chattisgarh accurately.

How to Find IFSC Code for State Bank Of India?

If you are trying to find the IFSC Code SBIN0012123 of State Bank Of India for its Shrikant Verma Marg Branch Bilaspur branch located in Bilaspur, 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

Most banks, including State Bank Of India branches in Bilaspur and Bilaspur, print the IFSC and MICR codes 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 Shrikant Verma Marg Branch Bilaspur or Bilaspur to get the exact IFSC Code SBIN0012123.

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 Bilaspur, you'll get the correct details.

How to Use IFSC Code SBIN0012123 for Online Transfers?

If you have the IFSC Code SBIN0012123 for the Shrikant Verma Marg Branch Bilaspur branch of State Bank Of India in Bilaspur, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SBIN0012123. 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 SBIN0012123.

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 Shrikant Verma Marg Branch Bilaspur in Bilaspur, 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 Shrikant Verma Marg Branch Bilaspur, 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 Bilaspur manage online transfers as well as cheque clearances with ease.