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 Barkagaon Road Hazaribag branch in Hazaribag, Hazaribagh, Jharkhand, 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 Hazaribag or anywhere in Jharkhand can transfer funds instantly by using the correct IFSC Code SBIN0017471. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for State Bank Of India, Barkagaon Road Hazaribag, Hazaribag
Here are the main details that are associated with the IFSC Code SBIN0017471 of State Bank Of India for its branch located in Hazaribag, within the district of Hazaribagh in the state of Jharkhand.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0017471 |
| Branch | Barkagaon Road Hazaribag |
| City | Hazaribag |
| District | Hazaribagh |
| State | Jharkhand |
| Address | Near Shanti Ashram Barkagaon Road Distthazaribagh Jharkhand825301 |
These details are crucial, not just for online banking users but also for businesses and individuals who use State Bank Of India in Hazaribag for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0017471 for the Barkagaon Road Hazaribag 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 provided by the Reserve Bank of India. Every bank branch, along with State Bank Of India located in Barkagaon Road Hazaribag, Hazaribag, Jharkhand, are given a unique IFSC like SBIN0017471 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Hazaribag.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Hazaribag and Hazaribagh.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to State Bank Of India in Barkagaon Road Hazaribag goes to the correct branch. This is important because State Bank Of India has thousands of branches in Jharkhand and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code SBIN0017471
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 Barkagaon Road Hazaribag in Hazaribag.
For example, the IFSC Code SBIN0017471 of State Bank Of India for the Barkagaon Road Hazaribag branch includes these elements, identifying the bank and the branch location in Hazaribag and Jharkhand accurately.
How to Find IFSC Code for State Bank Of India?
If you are trying to find the IFSC Code SBIN0017471 of State Bank Of India for its Barkagaon Road Hazaribag branch located in Hazaribag, the following methods can help:
Cheque Book
The cheque book issued by State Bank Of India includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
You can easily find the IFSC and MICR codes because most banks, including State Bank Of India branches in Hazaribag and Hazaribagh, print them on the first page of your passbook.
Bank Website
Visit the official website of State Bank Of India and navigate to the branch locator section. Search for Barkagaon Road Hazaribag or Hazaribag to get the exact IFSC Code SBIN0017471.
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 keeps an updated list of all IFSC codes. If you search for State Bank Of India and Hazaribag, you'll get the correct details.
How to Use IFSC Code SBIN0017471 for Online Transfers?
Once you have the IFSC Code SBIN0017471 for the Barkagaon Road Hazaribag branch of State Bank Of India in Hazaribag, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code SBIN0017471. 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 SBIN0017471.
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 Barkagaon Road Hazaribag in Hazaribag, 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 Barkagaon Road Hazaribag, 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 Hazaribag to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is SBIN0017471.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Near Shanti Ashram Barkagaon Road Distthazaribagh Jharkhand825301 located in Hazaribag, Hazaribagh, Jharkhand.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.