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 Tanakpur branch in Champawat, Champawat, Uttarakhand, 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 Champawat or anywhere in Uttarakhand can easily transfer funds instantly by using the correct IFSC Code SBIN0001872. 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, Tanakpur, Champawat

Below in the table are the key details related to IFSC Code SBIN0001872 of State Bank Of India for its branch located in Champawat, within the district of Champawat in the state of Uttarakhand.

Particulars Details
Bank State Bank Of India
IFSC Code SBIN0001872
Branch Tanakpur
City Champawat
District Champawat
State Uttarakhand
Address Dist Champawat, Uttaranchal 262309

These details are important not only for users using online banking but also for businesses and individuals who use State Bank Of India in Champawat for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SBIN0001872 for the Tanakpur 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 Tanakpur, Champawat, Uttarakhand, are allotted a unique IFSC like SBIN0001872 to ensure that online payments reach the right destination.

The IFSC Code is important because:

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

Format of the IFSC Code SBIN0001872

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 Tanakpur in Champawat.

For example, the IFSC Code SBIN0001872 of State Bank Of India for the Tanakpur branch includes these elements, identifying the bank and the branch location in Champawat and Uttarakhand accurately.

How to Find IFSC Code for State Bank Of India?

To find the IFSC Code SBIN0001872 of State Bank Of India for its Tanakpur branch located in Champawat, the following methods can help you out:

Cheque Book

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

Passbook

Most banks, including State Bank Of India branches in Champawat and Champawat, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

Visit the official website of State Bank Of India and go to the branch locator section. Then search for Tanakpur or Champawat to find the exact IFSC Code SBIN0001872.

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 maintains an updated database of all IFSC codes. Searching for State Bank Of India and Champawat will provide accurate information.

How to Use IFSC Code SBIN0001872 for Online Transfers?

Once you have the IFSC Code SBIN0001872 for the Tanakpur branch of State Bank Of India in Champawat, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code SBIN0001872. The transfer is completed in batches. It is useful for both personal and business payments.

RTGS

Used for payments over ₹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 SBIN0001872.

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 Tanakpur in Champawat, 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 Tanakpur, 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 Champawat 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 Tanakpur, Champawat?

The IFSC Code is SBIN0001872.

Is the IFSC Code SBIN0001872 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 Tanakpur?

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 Tanakpur branch?

The address of the branch is Dist Champawat, Uttaranchal 262309 located in Champawat, Champawat, Uttarakhand.

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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