IFSC Code of State Bank Of India, Jagjiwan Nagar, Jagjivan Ngr, Jharkhand — SBIN0002948

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 Jagjiwan Nagar branch in Dhanbad, Jagjivan Ngr, Jharkhand, 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 Dhanbad or anywhere in Jharkhand can transfer funds instantly by using the correct IFSC Code SBIN0002948. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for State Bank Of India, Jagjiwan Nagar, Dhanbad

Here are the key points that are associated with the IFSC Code SBIN0002948 of State Bank Of India for its branch located in Dhanbad, within the district of Jagjivan Ngr in the state of Jharkhand.

These details are crucial, not just for online banking users but also for businesses and individuals who use State Bank Of India in Dhanbad for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0002948 for the Jagjiwan Nagar branch of State Bank Of India has an important role.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including State Bank Of India located in Jagjiwan Nagar, Dhanbad, Jharkhand, is provided a unique IFSC like SBIN0002948 so that their online payments reach the right place.

The IFSC Code is important because:

• It uniquely recognizes the State Bank Of India branch in Dhanbad.
• Helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any confusions between multiple branches of the same bank across different places like Dhanbad and Jagjivan Ngr.
• It reduces most of the errors in fund transfers and makes sure its accuracy.
• It enables sender banks to validate and confirm branch details before processing payments.

For thousands of branches across Jharkhand and the rest of India, the IFSC Code ensures that transactions meant for State Bank Of India in Jagjiwan Nagar do not get misguided to another person.

Format of the IFSC Code SBIN0002948

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 Jagjiwan Nagar in Dhanbad.

For example, the IFSC Code SBIN0002948 of State Bank Of India for the Jagjiwan Nagar branch includes these elements, identifying the bank and the branch location in Dhanbad and Jharkhand accurately.

How to Find IFSC Code for State Bank Of India?

If you are trying to find the IFSC Code SBIN0002948 of State Bank Of India for its Jagjiwan Nagar branch located in Dhanbad, 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 Dhanbad and Jagjivan Ngr, 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 Jagjiwan Nagar or Dhanbad to get the exact IFSC Code SBIN0002948.

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 Dhanbad, you'll get the correct details.

How to Use IFSC Code SBIN0002948 for Online Transfers?

Once you have the IFSC Code SBIN0002948 for the Jagjiwan Nagar branch of State Bank Of India in Dhanbad, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SBIN0002948. 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 SBIN0002948.

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 Jagjiwan Nagar in Dhanbad 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 Jagjiwan Nagar, 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 Dhanbad to handle online money transfers and get their cheques cleared smoothly.