There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of State Bank Of India for its Pratapganj Marg,Alirajpur branch in Jhabua, Alirajpur, Madhya Pradesh, then this comprehensive guide will provide you with detailed information.

The banking system in India has changed over time, and today the customers of State Bank Of India situated in Jhabua or anywhere in Madhya Pradesh can easily transfer funds instantly by using the correct IFSC Code SBIN0030047. You should 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, Pratapganj Marg,Alirajpur, Jhabua

Here are the key points that are associated with the IFSC Code SBIN0030047 of State Bank Of India for its branch located in Jhabua, within the district of Alirajpur in the state of Madhya Pradesh.

Particulars Details
Bank State Bank Of India
IFSC Code SBIN0030047
Branch Pratapganj Marg,Alirajpur
City Jhabua
District Alirajpur
State Madhya Pradesh
Address Pratapganj Marg,Alirajpur

These details help users in online banking and for businesses and individuals who use State Bank Of India in Jhabua for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0030047 for the Pratapganj Marg,Alirajpur 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 that is provided by the Reserve Bank of India. A unique IFSC like SBIN0030047 is given to every bank branch, including State Bank Of India located in Pratapganj Marg,Alirajpur, Jhabua, Madhya Pradesh, to make sure that online payments reach the right place.

The IFSC Code is important because:

  • It uniquely identifies the State Bank Of India branch in Jhabua.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any kind of confusion between multiple branches of the same bank across different places like Jhabua and Alirajpur.
  • It removes errors in fund transfers and improves accuracy.
  • It lets the sender banks validate and confirm branch details before they process the payments.

There are thousands of branches across Madhya Pradesh and the rest of India, which is why the IFSC Code ensures that transactions meant for State Bank Of India in Pratapganj Marg,Alirajpur doesn't end up at another location.

Format of the IFSC Code SBIN0030047

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 Pratapganj Marg,Alirajpur in Jhabua.

For example, the IFSC Code SBIN0030047 of State Bank Of India for the Pratapganj Marg,Alirajpur branch includes these elements, identifying the bank and the branch location in Jhabua and Madhya Pradesh accurately.

How to Find IFSC Code for State Bank Of India?

To find the IFSC Code SBIN0030047 of State Bank Of India for its Pratapganj Marg,Alirajpur branch located in Jhabua, 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 Jhabua and Alirajpur, 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 Pratapganj Marg,Alirajpur or Jhabua to find the exact IFSC Code SBIN0030047.

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 Jhabua will provide accurate information.

How to Use IFSC Code SBIN0030047 for Online Transfers?

Once you have the IFSC Code SBIN0030047 for the Pratapganj Marg,Alirajpur branch of State Bank Of India in Jhabua, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SBIN0030047. Transfers are processed in batches. Suitable for personal and business payments.

RTGS

Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. You need the recipient's account details and State Bank Of India IFSC Code SBIN0030047.

Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for State Bank Of India Pratapganj Marg,Alirajpur in Jhabua, it can 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 Pratapganj Marg,Alirajpur, 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 Jhabua 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 Pratapganj Marg,Alirajpur Jhabua?

The IFSC Code of the Pratapganj Marg,Alirajpur Jhabua branch is SBIN0030047.

Is IFSC Code SBIN0030047 permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the State Bank Of India Pratapganj Marg,Alirajpur branch?

The branch is located at Pratapganj Marg,Alirajpur.

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.