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 Anand Ganj Mandi, Kukshi branch in Dhar, Kukshi, Madhya Pradesh, 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 Dhar or anywhere in Madhya Pradesh can easily transfer funds instantly by using the correct IFSC Code SBIN0030042. 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, Anand Ganj Mandi, Kukshi, Dhar

Here are the key points that are associated with the IFSC Code SBIN0030042 of State Bank Of India for its branch located in Dhar, within the district of Kukshi in the state of Madhya Pradesh.

Particulars Details
Bank State Bank Of India
IFSC Code SBIN0030042
Branch Anand Ganj Mandi, Kukshi
City Dhar
District Kukshi
State Madhya Pradesh
Address Anand Ganj Mandi,Kukshi

These details are crucial, not just for online banking users but also for businesses and individuals who use State Bank Of India in Dhar for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0030042 for the Anand Ganj Mandi, Kukshi 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, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like SBIN0030042 is given to every bank branch, including State Bank Of India located in Anand Ganj Mandi, Kukshi, Dhar, Madhya Pradesh, 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 Dhar.
  • 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 Dhar and Kukshi.
  • 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 Madhya Pradesh and the rest of India, which is why the IFSC Code ensures that transactions meant for State Bank Of India in Anand Ganj Mandi, Kukshi doesn't end up at another location.

Format of the IFSC Code SBIN0030042

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

AAAA0CCCCCC

Here's the explanation:

  • First 4 characters (AAAA): This is the bank code. For State Bank Of India, these characters are the bank's short identifier.
  • 5th character (0): This stays zero till there is any future use.
  • Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Anand Ganj Mandi, Kukshi in Dhar.

For example, the IFSC Code SBIN0030042 of State Bank Of India for the Anand Ganj Mandi, Kukshi branch includes these elements, identifying the bank and the branch location in Dhar and Madhya Pradesh accurately.

How to Find IFSC Code for State Bank Of India?

If you are looking for the IFSC Code SBIN0030042 of State Bank Of India for its Anand Ganj Mandi, Kukshi branch located in Dhar, 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 Dhar and Kukshi, 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 Anand Ganj Mandi, Kukshi or Dhar to get the exact IFSC Code SBIN0030042.

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 Dhar, then it will provide you proper information.

How to Use IFSC Code SBIN0030042 for Online Transfers?

Once you have the IFSC Code SBIN0030042 for the Anand Ganj Mandi, Kukshi branch of State Bank Of India in Dhar, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code SBIN0030042. 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 SBIN0030042.

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 Anand Ganj Mandi, Kukshi in Dhar, your payment can get delayed or might not go through at all.

Finding the MICR Code

MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of State Bank Of India in Anand Ganj Mandi, Kukshi, here are some of the ways you can get 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.

Knowing both IFSC and MICR code can help account holders in Dhar manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of State Bank Of India in Anand Ganj Mandi, Kukshi, Dhar?

The IFSC Code is SBIN0030042.

Is the IFSC Code SBIN0030042 permanent?

Yes, but there can be changes during mergers or restructuring.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and the IFSC is for online transfers.

Where can I find the IFSC Code of State Bank Of India Anand Ganj Mandi, Kukshi?

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

What is the full address of the Anand Ganj Mandi, Kukshi branch?

The address of the branch is Anand Ganj Mandi,Kukshi located in Dhar, Kukshi, Madhya Pradesh.

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.