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 Shahabad Markanda branch in Kurukshetra, Shahabad, Haryana, 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 Kurukshetra or anywhere in Haryana can easily transfer funds instantly by using the correct IFSC Code SBIN0002481. 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, Shahabad Markanda, Kurukshetra

Here are the main details that are associated with the IFSC Code SBIN0002481 of State Bank Of India for its branch located in Kurukshetra, within the district of Shahabad in the state of Haryana.

Particulars Details
Bank State Bank Of India
IFSC Code SBIN0002481
Branch Shahabad Markanda
City Kurukshetra
District Shahabad
State Haryana
Address Shahabad, Markanda, Kurukshetra, Haryana

These details help users in online banking and for businesses and individuals who use State Bank Of India in Kurukshetra for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0002481 for the Shahabad Markanda 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 Shahabad Markanda, Kurukshetra, Haryana, are allotted a unique IFSC like SBIN0002481 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Kurukshetra.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents confusion between different branches of the same bank in places like Kurukshetra and Shahabad.
  • 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 Shahabad Markanda reaches the right place, even though there are thousands of branches in Haryana and across India.

Format of the IFSC Code SBIN0002481

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 Shahabad Markanda in Kurukshetra.

For example, the IFSC Code SBIN0002481 of State Bank Of India for the Shahabad Markanda branch includes these elements, identifying the bank and the branch location in Kurukshetra and Haryana correctly.

How to Find IFSC Code for State Bank Of India?

If you are trying to find the IFSC Code SBIN0002481 of State Bank Of India for its Shahabad Markanda branch located in Kurukshetra, the following methods can help:

Cheque Book

The cheque books that are issued by State Bank Of India include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.

Passbook

Most banks, including State Bank Of India branches in Kurukshetra and Shahabad, 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 find the branch locator section. Search for Shahabad Markanda or Kurukshetra to get the exact IFSC Code SBIN0002481.

Mobile Banking App

If you use State Bank Of India's mobile app, you can easily 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 to help you in searching for State Bank Of India and Kurukshetra that will provide accurate information.

How to Use IFSC Code SBIN0002481 for Online Transfers?

Once you have the IFSC Code SBIN0002481 for the Shahabad Markanda branch of State Bank Of India in Kurukshetra, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code SBIN0002481. The transfer is completed in batches. It is useful for both personal and business payments.

RTGS

Used for payments over ₹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 SBIN0002481.

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 Shahabad Markanda in Kurukshetra, 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 Shahabad Markanda, 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 Kurukshetra manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of State Bank Of India Shahabad Markanda Kurukshetra?

The IFSC Code of the Shahabad Markanda Kurukshetra branch is SBIN0002481.

Is IFSC Code SBIN0002481 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 Shahabad Markanda branch?

The branch is located at Shahabad, Markanda, Kurukshetra, Haryana.

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.