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 Racc Kanker R And Db branch in Kanker, Kanker, Chhattisgarh, 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 Kanker or anywhere in Chhattisgarh can transfer funds instantly by using the correct IFSC Code SBIN0062635. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for State Bank Of India, Racc Kanker R And Db, Kanker
The table below shows the main details of the IFSC Code SBIN0062635 for the State Bank Of India branch in Kanker, which falls under the Kanker district in Chhattisgarh.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0062635 |
| Branch | Racc Kanker R And Db |
| City | Kanker |
| District | Kanker |
| State | Chhattisgarh |
| Address | Main Branch Kanker, Distt. Kanker C G |
These details are essential not only for online banking users but also for businesses and individuals who use State Bank Of India in Kanker for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0062635 for the Racc Kanker R And Db 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 Racc Kanker R And Db, Kanker, Chhattisgarh, are allotted a unique IFSC like SBIN0062635 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Kanker.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Kanker and Kanker.
- 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 Racc Kanker R And Db reaches the right place, even though there are thousands of branches in Chhattisgarh and across India.
Format of the IFSC Code SBIN0062635
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 Racc Kanker R And Db in Kanker.
For example, the IFSC Code SBIN0062635 of State Bank Of India for the Racc Kanker R And Db branch has these elements, identifying the bank and the branch location in Kanker and Chhattisgarh correctly.
How to Find IFSC Code for State Bank Of India?
If you are looking for the IFSC Code SBIN0062635 of State Bank Of India for its Racc Kanker R And Db branch located in Kanker, the following methods can help:
Cheque Book
The cheque book that is issued by State Bank Of India includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the banks, including State Bank Of India branches in Kanker and Kanker, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of State Bank Of India and look for the branch locator section, then search for Racc Kanker R And Db or Kanker to get the exact IFSC Code SBIN0062635.
Mobile Banking App
If you use State Bank Of India's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for State Bank Of India and Kanker, then it will provide you proper information.
How to Use IFSC Code SBIN0062635 for Online Transfers?
Once you have the IFSC Code SBIN0062635 for the Racc Kanker R And Db branch of State Bank Of India in Kanker, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code SBIN0062635. 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 SBIN0062635.
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 Racc Kanker R And Db in Kanker, 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 Racc Kanker R And Db, 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 Kanker to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Racc Kanker R And Db Kanker branch is SBIN0062635.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Main Branch Kanker, Distt. Kanker C G.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.