Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of State Bank Of India for its Yono Virtual Branch Jaipur branch in Jaipur, Jaipur, or Rajasthan, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the customers of State Bank Of India located in Jaipur or anywhere in Rajasthan can transfer funds instantly by using the correct IFSC Code SBIN0063842. You should definitely know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for State Bank Of India, Yono Virtual Branch Jaipur, Jaipur
Below in the table are the key details related to IFSC Code SBIN0063842 of State Bank Of India for its branch located in Jaipur, within the district of Jaipur in the state of Rajasthan.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0063842 |
| Branch | Yono Virtual Branch Jaipur |
| City | Jaipur |
| District | Jaipur |
| State | Rajasthan |
| Address | 1St Floor Nri Jaipur Branch,Plot No.8-9 Corporate Park,Gopalbari,Jaipur |
These details help users in online banking and for businesses and individuals who use State Bank Of India in Jaipur for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0063842 for the Yono Virtual Branch Jaipur 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, including State Bank Of India located in Yono Virtual Branch Jaipur, Jaipur, Rajasthan, is provided with a unique IFSC like SBIN0063842 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 Jaipur.
- 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 Jaipur and Jaipur.
- 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 Rajasthan and the rest of India and the IFSC Code ensures that transactions meant for State Bank Of India in Yono Virtual Branch Jaipur do not get mixed with another location.
Format of the IFSC Code SBIN0063842
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 Yono Virtual Branch Jaipur in Jaipur.
For example, the IFSC Code SBIN0063842 of State Bank Of India for the Yono Virtual Branch Jaipur branch includes these elements, identifying the bank and the branch location in Jaipur and Rajasthan correctly.
How to Find IFSC Code for State Bank Of India?
To find the IFSC Code SBIN0063842 of State Bank Of India for its Yono Virtual Branch Jaipur branch located in Jaipur, the following methods can help you out:
Cheque Book
The cheque book issued by State Bank Of India includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including State Bank Of India branches in Jaipur and Jaipur, 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 go to the branch locator section. Then search for Yono Virtual Branch Jaipur or Jaipur to find the exact IFSC Code SBIN0063842.
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 maintains an updated database of all IFSC codes. Searching for State Bank Of India and Jaipur will provide accurate information.
How to Use IFSC Code SBIN0063842 for Online Transfers?
If you have the IFSC Code SBIN0063842 for the Yono Virtual Branch Jaipur branch of State Bank Of India in Jaipur, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SBIN0063842. 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 SBIN0063842.
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 Yono Virtual Branch Jaipur in Jaipur, 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 Yono Virtual Branch Jaipur, 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 Jaipur to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is SBIN0063842.
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 1St Floor Nri Jaipur Branch,Plot No.8-9 Corporate Park,Gopalbari,Jaipur located in Jaipur, Jaipur, Rajasthan.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.