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 Paltan Bazar branch in Dibrugarh, Dibrugarh, Assam, 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 Dibrugarh or anywhere in Assam can transfer funds instantly by using the correct IFSC Code SBIN0018746. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for State Bank Of India, Paltan Bazar, Dibrugarh
Below in the table are the key details related to IFSC Code SBIN0018746 of State Bank Of India for its branch located in Dibrugarh, within the district of Dibrugarh in the state of Assam.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0018746 |
| Branch | Paltan Bazar |
| City | Dibrugarh |
| District | Dibrugarh |
| State | Assam |
| Address | Opp. M.G.M. Hospitals, Bordoloi Avenue, A.M.C. Road, Paltan Bazar, Dibrugarh, Dist.Dibrugarh, Assam-786005 |
These details are essential not only for online banking users but also for businesses and individuals who use State Bank Of India in Dibrugarh for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0018746 for the Paltan Bazar branch of State Bank Of India plays 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 SBIN0018746 is given to every bank branch, including State Bank Of India located in Paltan Bazar, Dibrugarh, Assam, 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 Dibrugarh.
- 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 Dibrugarh and Dibrugarh.
- 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 Assam and the rest of India, which is why the IFSC Code ensures that transactions meant for State Bank Of India in Paltan Bazar doesn't end up at another location.
Format of the IFSC Code SBIN0018746
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 Paltan Bazar in Dibrugarh.
For example, the IFSC Code SBIN0018746 of State Bank Of India for the Paltan Bazar branch includes these elements, identifying the bank and the branch location in Dibrugarh and Assam accurately.
How to Find IFSC Code for State Bank Of India?
If you are looking for the IFSC Code SBIN0018746 of State Bank Of India for its Paltan Bazar branch located in Dibrugarh, 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 Dibrugarh and Dibrugarh, 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 Paltan Bazar or Dibrugarh to get the exact IFSC Code SBIN0018746.
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 Dibrugarh, then it will provide you proper information.
How to Use IFSC Code SBIN0018746 for Online Transfers?
Once you have the IFSC Code SBIN0018746 for the Paltan Bazar branch of State Bank Of India in Dibrugarh, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SBIN0018746. 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 SBIN0018746.
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 Paltan Bazar in Dibrugarh may result in delayed or failed transactions.
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 Paltan Bazar, 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 Dibrugarh manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is SBIN0018746.
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 Opp. M.G.M. Hospitals, Bordoloi Avenue, A.M.C. Road, Paltan Bazar, Dibrugarh, Dist.Dibrugarh, Assam-786005 located in Dibrugarh, Dibrugarh, Assam.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.