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 Brahampur branch in Buxar, Brahmpur, Bihar, 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 Buxar or anywhere in Bihar can transfer funds instantly by using the correct IFSC Code SBIN0002923. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for State Bank Of India, Brahampur, Buxar

Below in the table are the key details related to IFSC Code SBIN0002923 of State Bank Of India for its branch located in Buxar, within the district of Brahmpur in the state of Bihar.

Particulars Details
Bank State Bank Of India
IFSC Code SBIN0002923
Branch Brahampur
City Buxar
District Brahmpur
State Bihar
Address Dist Buxar, Bihar 802112

These details help users in online banking and for businesses and individuals who use State Bank Of India in Buxar for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0002923 for the Brahampur 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 Brahampur, Buxar, Bihar, are allotted a unique IFSC like SBIN0002923 to ensure that online payments reach the right destination.

The IFSC Code is important because:

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

Format of the IFSC Code SBIN0002923

The format of the IFSC Code for banks, including State Bank Of India, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown of this:

  • First 4 characters (AAAA): Represent the bank code. For State Bank Of India, these characters are the bank's short identifier.
  • 5th character (0): Always zero which is reserved for future use.
  • Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Brahampur in Buxar.

For example, the IFSC Code SBIN0002923 of State Bank Of India for the Brahampur branch includes these elements, identifying the bank and the branch location in Buxar and Bihar accurately.

How to Find IFSC Code for State Bank Of India?

If you are looking for the IFSC Code SBIN0002923 of State Bank Of India for its Brahampur branch located in Buxar, 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 Buxar and Brahmpur, 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 Brahampur or Buxar to get the exact IFSC Code SBIN0002923.

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 Buxar, then it will provide you proper information.

How to Use IFSC Code SBIN0002923 for Online Transfers?

Once you have the IFSC Code SBIN0002923 for the Brahampur branch of State Bank Of India in Buxar, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code SBIN0002923. 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 SBIN0002923.

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 Brahampur in Buxar, your payment can get delayed or might not go through at all.

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 Brahampur, here are some ways to obtain 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.

Having both the IFSC and MICR codes makes it easy for account holders in Buxar to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of State Bank Of India in Brahampur, Buxar?

The IFSC Code is SBIN0002923.

Is the IFSC Code SBIN0002923 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

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

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

What is the full address of the Brahampur branch?

The address of the branch is Dist Buxar, Bihar 802112 located in Buxar, Brahmpur, Bihar.

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.