IFSC Code of State Bank Of India, Basant Rai, Godda, Jharkhand — SBIN0017159

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 Basant Rai branch in Godda, Godda, 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 Godda or anywhere in Jharkhand can transfer funds instantly by using the correct IFSC Code SBIN0017159. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for State Bank Of India, Basant Rai, Godda

Here are the main details that are associated with the IFSC Code SBIN0017159 of State Bank Of India for its branch located in Godda, within the district of Godda in the state of Jharkhand.

These details helps users in online banking and for businesses and individuals who use State Bank Of India in Godda for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0017159 for the Basant Rai 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 Basant Rai, Godda, Jharkhand, is provided with a unique IFSC like SBIN0017159 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 Godda.
• 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 Godda and Godda.
• 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 Jharkhand and the rest of India and the IFSC Code ensures that transactions meant for State Bank Of India in Basant Rai do not get mixed with another location.

Format of the IFSC Code SBIN0017159

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 Basant Rai in Godda.

For example, the IFSC Code SBIN0017159 of State Bank Of India for the Basant Rai branch includes these elements, identifying the bank and the branch location in Godda and Jharkhand correctly.

How to Find IFSC Code for State Bank Of India?

If you are trying to find the IFSC Code SBIN0017159 of State Bank Of India for its Basant Rai branch located in Godda, the following methods can help:

Cheque Book

The cheque books that are issued by State Bank Of India include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.

Passbook

Most banks, including State Bank Of India branches in Godda and Godda, 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 find the branch locator section. Search for Basant Rai or Godda to get the exact IFSC Code SBIN0017159.

Mobile Banking App

If you use State Bank Of India's mobile app, you can easily 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 to help you in searching for State Bank Of India and Godda that will provide accurate information.

How to Use IFSC Code SBIN0017159 for Online Transfers?

Once you have the IFSC Code SBIN0017159 for the Basant Rai branch of State Bank Of India in Godda, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code SBIN0017159. The transfer is completed in batches. It is useful for both personal and business payments.

RTGS

Used for payments over ₹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 SBIN0017159.

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 Basant Rai in Godda, your payment can get delayed or might not go through at all.

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 Basant Rai, here are some ways that 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.

If you know both IFSC and MICR codes, then it can help account holders in Godda manage online transfers as well as cheque clearances with ease.