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 Rasecc Cum Sarc branch in Dhanbad, Dhanbad, Jharkhand, 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 Dhanbad or anywhere in Jharkhand can transfer funds instantly by using the correct IFSC Code SBIN0010011. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for State Bank Of India, Rasecc Cum Sarc, Dhanbad
The table below shows the main details of the IFSC Code SBIN0010011 for the State Bank Of India branch in Dhanbad, which falls under the Dhanbad district in Jharkhand.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0010011 |
| Branch | Rasecc Cum Sarc |
| City | Dhanbad |
| District | Dhanbad |
| State | Jharkhand |
| Address | Dist Dhanbadstate Jharkhand |
These details helps users in online banking and for businesses and individuals who use State Bank Of India in Dhanbad for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0010011 for the Rasecc Cum Sarc branch of State Bank Of India plays a vital role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like SBIN0010011 is given to every bank branch, including State Bank Of India located in Rasecc Cum Sarc, Dhanbad, Jharkhand, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the State Bank Of India branch in Dhanbad.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any kind of confusion between multiple branches of the same bank across different places like Dhanbad and Dhanbad.
- It removes errors in fund transfers and improves accuracy.
- It lets the sender banks validate and confirm branch details before they process the payments.
There are thousands of branches across Jharkhand and the rest of India, which is why the IFSC Code ensures that transactions meant for State Bank Of India in Rasecc Cum Sarc doesn't end up at another location.
Format of the IFSC Code SBIN0010011
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 Rasecc Cum Sarc in Dhanbad.
For example, the IFSC Code SBIN0010011 of State Bank Of India for the Rasecc Cum Sarc branch includes these elements, identifying the bank and the branch location in Dhanbad and Jharkhand correctly.
How to Find IFSC Code for State Bank Of India?
To find the IFSC Code SBIN0010011 of State Bank Of India for its Rasecc Cum Sarc branch located in Dhanbad, 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 Dhanbad and Dhanbad, 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 Rasecc Cum Sarc or Dhanbad to find the exact IFSC Code SBIN0010011.
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 Dhanbad will provide accurate information.
How to Use IFSC Code SBIN0010011 for Online Transfers?
If you have the IFSC Code SBIN0010011 for the Rasecc Cum Sarc branch of State Bank Of India in Dhanbad, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SBIN0010011. Transfers are processed in batches. 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. Asks for the recipient's account details and State Bank Of India IFSC Code SBIN0010011.
Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for State Bank Of India Rasecc Cum Sarc in Dhanbad, it 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 Rasecc Cum Sarc, 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.
Frequently Asked Questions (FAQs)
The IFSC Code is SBIN0010011.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Dist Dhanbadstate Jharkhand located in Dhanbad, Dhanbad, Jharkhand.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.