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 R And Db Racc Ongole branch in Etaongole Prakasam, Etaongole Prakasam, Andhra Pradesh, 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 Etaongole Prakasam or anywhere in Andhra Pradesh can transfer funds instantly by using the correct IFSC Code SBIN0062696. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for State Bank Of India, R And Db Racc Ongole, Etaongole Prakasam

Below in the table are the key details related to IFSC Code SBIN0062696 of State Bank Of India for its branch located in Etaongole Prakasam, within the district of Etaongole Prakasam in the state of Andhra Pradesh.

Particulars Details
Bank State Bank Of India
IFSC Code SBIN0062696
Branch R And Db Racc Ongole
City Etaongole Prakasam
District Etaongole Prakasam
State Andhra Pradesh
Address Railway Station Road, Santha Etaongoleprakasam District Andhra Pradesh 523001

These details helps users in online banking and for businesses and individuals who use State Bank Of India in Etaongole Prakasam for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0062696 for the R And Db Racc Ongole 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 provided by the Reserve Bank of India. Every bank branch, including State Bank Of India located in R And Db Racc Ongole, Etaongole Prakasam, Andhra Pradesh, is provided with a unique IFSC like SBIN0062696 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 Etaongole Prakasam.
  • 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 Etaongole Prakasam and Etaongole Prakasam.
  • 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 Andhra Pradesh and the rest of India and the IFSC Code ensures that transactions meant for State Bank Of India in R And Db Racc Ongole do not get mixed with another location.

Format of the IFSC Code SBIN0062696

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 R And Db Racc Ongole in Etaongole Prakasam.

For example, the IFSC Code SBIN0062696 of State Bank Of India for the R And Db Racc Ongole branch includes these elements, identifying the bank and the branch location in Etaongole Prakasam and Andhra Pradesh accurately.

How to Find IFSC Code for State Bank Of India?

If you are looking for the IFSC Code SBIN0062696 of State Bank Of India for its R And Db Racc Ongole branch located in Etaongole Prakasam, 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 Etaongole Prakasam and Etaongole Prakasam, 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 R And Db Racc Ongole or Etaongole Prakasam to get the exact IFSC Code SBIN0062696.

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 Etaongole Prakasam, then it will provide you proper information.

How to Use IFSC Code SBIN0062696 for Online Transfers?

If you have the IFSC Code SBIN0062696 for the R And Db Racc Ongole branch of State Bank Of India in Etaongole Prakasam, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SBIN0062696. 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 SBIN0062696.

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 R And Db Racc Ongole in Etaongole Prakasam, 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 R And Db Racc Ongole, 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 Etaongole Prakasam to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of State Bank Of India in R And Db Racc Ongole, Etaongole Prakasam?

The IFSC Code is SBIN0062696.

Is the IFSC Code SBIN0062696 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 R And Db Racc Ongole?

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 R And Db Racc Ongole branch?

The address of the branch is Railway Station Road, Santha Etaongoleprakasam District Andhra Pradesh 523001 located in Etaongole Prakasam, Etaongole Prakasam, Andhra 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.