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 Racpc Dilsukhnagar branch in Hyderabad, Urban, Telangana, 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 Hyderabad or anywhere in Telangana can transfer funds instantly by using the correct IFSC Code SBIN0021010. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for State Bank Of India, Racpc Dilsukhnagar, Hyderabad
Here are the main details that are associated with the IFSC Code SBIN0021010 of State Bank Of India for its branch located in Hyderabad, within the district of Urban in the state of Telangana.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0021010 |
| Branch | Racpc Dilsukhnagar |
| City | Hyderabad |
| District | Urban |
| State | Telangana |
| Address | Rk Puram Branch, Margadarshi Colony, Saroornagar Post R.R. District 500035 |
These details help users in online banking and for businesses and individuals who use State Bank Of India in Hyderabad for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0021010 for the Racpc Dilsukhnagar branch of State Bank Of India has a very 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 Racpc Dilsukhnagar, Hyderabad, Telangana, are given a unique IFSC like SBIN0021010 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Hyderabad.
- 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 Hyderabad and Urban.
- 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 Racpc Dilsukhnagar goes to the correct branch. This is important because State Bank Of India has thousands of branches in Telangana and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code SBIN0021010
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): These represent the bank code. In State Bank Of India, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Racpc Dilsukhnagar in Hyderabad.
For example, the IFSC Code SBIN0021010 of State Bank Of India for the Racpc Dilsukhnagar branch has these elements, identifying the bank and the branch location in Hyderabad and Telangana correctly.
How to Find IFSC Code for State Bank Of India?
If you are trying to find the IFSC Code SBIN0021010 of State Bank Of India for its Racpc Dilsukhnagar branch located in Hyderabad, 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
Most banks, including State Bank Of India branches in Hyderabad and Urban, print the IFSC and MICR codes 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 Racpc Dilsukhnagar or Hyderabad to get the exact IFSC Code SBIN0021010.
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 Hyderabad, you'll get the correct details.
How to Use IFSC Code SBIN0021010 for Online Transfers?
Once you have the IFSC Code SBIN0021010 for the Racpc Dilsukhnagar branch of State Bank Of India in Hyderabad, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SBIN0021010. 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 SBIN0021010.
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 Racpc Dilsukhnagar in Hyderabad 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 Racpc Dilsukhnagar, 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 Hyderabad to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is SBIN0021010.
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 Rk Puram Branch, Margadarshi Colony, Saroornagar Post R.R. District 500035 located in Hyderabad, Urban, Telangana.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.