IFSC Code of State Bank Of India, Basant Lok, New Delhi, Delhi — SBIN0016411

Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of State Bank Of India for its Basant Lok branch in Delhi, New Delhi, or Delhi, this guide will help you with all the details.

There have been major changes in the banking sector in India and today, the customers of State Bank Of India located in Delhi or anywhere in Delhi can transfer funds instantly by using the correct IFSC Code SBIN0016411. You should definitely 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, Basant Lok, Delhi

Below in the table are the key details related to IFSC Code SBIN0016411 of State Bank Of India for its branch located in Delhi, within the district of New Delhi in the state of Delhi.

These details help users in online banking and for businesses and individuals who use State Bank Of India in Delhi for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0016411 for the Basant Lok 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, including State Bank Of India located in Basant Lok, Delhi, Delhi, is provided with a unique IFSC like SBIN0016411 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It uniquely identifies the State Bank Of India branch in Delhi.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any errors or confusions between multiple branches of the same bank across different places like Delhi and New Delhi.
• It reduces errors in fund transfers and improves accuracy.
• It allows sender banks to validate and confirm branch details before processing payments.

There are thousands of branches across Delhi and the rest of India and the IFSC Code ensures that transactions meant for State Bank Of India in Basant Lok do not get mixed with another location.

Format of the IFSC Code SBIN0016411

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 Basant Lok in Delhi.

For example, the IFSC Code SBIN0016411 of State Bank Of India for the Basant Lok branch includes these elements, identifying the bank and the branch location in Delhi and Delhi correctly.

How to Find IFSC Code for State Bank Of India?

If you are looking for the IFSC Code SBIN0016411 of State Bank Of India for its Basant Lok branch located in Delhi, 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 Delhi and New Delhi, 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 Basant Lok or Delhi to get the exact IFSC Code SBIN0016411.

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 Delhi, then it will provide you proper information.

How to Use IFSC Code SBIN0016411 for Online Transfers?

Once you have the IFSC Code SBIN0016411 for the Basant Lok branch of State Bank Of India in Delhi, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SBIN0016411. 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 SBIN0016411.

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 Basant Lok in Delhi 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 Basant Lok, 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 Delhi to handle online money transfers and get their cheques cleared smoothly.