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 R And Db Racc Kamareddy branch in Kamareddy, Kamareddy, 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 Kamareddy or anywhere in Telangana can transfer funds instantly by using the correct IFSC Code SBIN0063423. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for State Bank Of India, R And Db Racc Kamareddy, Kamareddy
The table below shows the main details of the IFSC Code SBIN0063423 for the State Bank Of India branch in Kamareddy, which falls under the Kamareddy district in Telangana.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0063423 |
| Branch | R And Db Racc Kamareddy |
| City | Kamareddy |
| District | Kamareddy |
| State | Telangana |
| Address | H.No 1-2-17, Siricilla Road Br, Kamareddy 20111 Premises, Siricilla Road, Kamareddy, Ts - 503111 |
These details are essential not only for online banking users but also for businesses and individuals who use State Bank Of India in Kamareddy for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0063423 for the R And Db Racc Kamareddy branch of State Bank Of India plays 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 R And Db Racc Kamareddy, Kamareddy, Telangana, are allotted a unique IFSC like SBIN0063423 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Kamareddy.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Kamareddy and Kamareddy.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to State Bank Of India in R And Db Racc Kamareddy reaches the right place, even though there are thousands of branches in Telangana and across India.
Format of the IFSC Code SBIN0063423
The format of the IFSC Code for banks, including State Bank Of India, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For State Bank Of India, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as R And Db Racc Kamareddy in Kamareddy.
For example, the IFSC Code SBIN0063423 of State Bank Of India for the R And Db Racc Kamareddy branch includes these elements, identifying the bank and the branch location in Kamareddy and Telangana accurately.
How to Find IFSC Code for State Bank Of India?
To find the IFSC Code SBIN0063423 of State Bank Of India for its R And Db Racc Kamareddy branch located in Kamareddy, 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 Kamareddy and Kamareddy, 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 R And Db Racc Kamareddy or Kamareddy to find the exact IFSC Code SBIN0063423.
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 Kamareddy will provide accurate information.
How to Use IFSC Code SBIN0063423 for Online Transfers?
Once you have the IFSC Code SBIN0063423 for the R And Db Racc Kamareddy branch of State Bank Of India in Kamareddy, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code SBIN0063423. The transfer is completed in batches instead of instantly. It is useful for both 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 SBIN0063423.
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 R And Db Racc Kamareddy in Kamareddy, 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 R And Db Racc Kamareddy, 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 Kamareddy manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is SBIN0063423.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is H.No 1-2-17, Siricilla Road Br, Kamareddy 20111 Premises, Siricilla Road, Kamareddy, Ts - 503111 located in Kamareddy, Kamareddy, Telangana.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.