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 Racc Bundi branch in Bundi, Bundi, Rajasthan, 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 Bundi or anywhere in Rajasthan can transfer funds instantly by using the correct IFSC Code SBIN0063532. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for State Bank Of India, Racc Bundi, Bundi
Here are some of the key details that come with the IFSC Code SBIN0063532 of State Bank Of India for its branch located in Bundi, within the district of Bundi in the state of Rajasthan.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0063532 |
| Branch | Racc Bundi |
| City | Bundi |
| District | Bundi |
| State | Rajasthan |
| Address | 1St Floor, Above Sbi Indira Market Branch, Indira Market Bundi, Dist Bundi, Rajasthan Pin 323001 |
These details help users in online banking and for businesses and individuals who use State Bank Of India in Bundi for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0063532 for the Racc Bundi branch of State Bank Of India has a very 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 Racc Bundi, Bundi, Rajasthan, are allotted a unique IFSC like SBIN0063532 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Bundi.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Bundi and Bundi.
- 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 Racc Bundi reaches the right place, even though there are thousands of branches in Rajasthan and across India.
Format of the IFSC Code SBIN0063532
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): These represent the bank code. In State Bank Of India, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Racc Bundi in Bundi.
For example, the IFSC Code SBIN0063532 of State Bank Of India for the Racc Bundi branch has these elements, identifying the bank and the branch location in Bundi and Rajasthan correctly.
How to Find IFSC Code for State Bank Of India?
If you are trying to find the IFSC Code SBIN0063532 of State Bank Of India for its Racc Bundi branch located in Bundi, 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 Bundi and Bundi, 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 Racc Bundi or Bundi to get the exact IFSC Code SBIN0063532.
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 Bundi, you'll get the correct details.
How to Use IFSC Code SBIN0063532 for Online Transfers?
Once you have the IFSC Code SBIN0063532 for the Racc Bundi branch of State Bank Of India in Bundi, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SBIN0063532. Transfers are processed in batches. This is 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. Requires the recipient's account details and State Bank Of India IFSC Code SBIN0063532.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for State Bank Of India Racc Bundi in Bundi may result in delayed or failed transactions.
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 Racc Bundi, 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 Bundi manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code of the Racc Bundi Bundi branch is SBIN0063532.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at 1St Floor, Above Sbi Indira Market Branch, Indira Market Bundi, Dist Bundi, Rajasthan Pin 323001.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.