IFSC Code of State Bank Of India, Ramgarh Chowk, Lakhisarai, Bihar- SBIN0017416

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 Ramgarh Chowk branch in Lakhisarai, Lakhisarai, or Bihar, 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 Lakhisarai or anywhere in Bihar can transfer funds instantly by using the correct IFSC Code SBIN0017416. 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, Ramgarh Chowk, Lakhisarai

Here are the main details that are associated with the IFSC Code SBIN0017416 of State Bank Of India for its branch located in Lakhisarai, within the district of Lakhisarai in the state of Bihar.

These details are crucial, not just for online banking users but also for businesses and individuals who use State Bank Of India in Lakhisarai for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0017416 for the Ramgarh Chowk branch of State Bank Of India has 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 Ramgarh Chowk, Lakhisarai, Bihar, are given a unique IFSC like SBIN0017416 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It clearly tells which bank branch it is in Lakhisarai.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It prevents any kind of confusion between different branches of the same bank in places like Lakhisarai and Lakhisarai.
• It reduces errors in fund transfers and improves accuracy.
• It helps the sender banks to validate and confirm branch details before processing payments.

It helps ensure that any money sent to State Bank Of India in Ramgarh Chowk goes to the correct branch. This is important because State Bank Of India has thousands of branches in Bihar and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code SBIN0017416

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 Ramgarh Chowk in Lakhisarai.

For example, the IFSC Code SBIN0017416 of State Bank Of India for the Ramgarh Chowk branch has these elements, identifying the bank and the branch location in Lakhisarai and Bihar correctly.

How to Find IFSC Code for State Bank Of India?

If you are looking for the IFSC Code SBIN0017416 of State Bank Of India for its Ramgarh Chowk branch located in Lakhisarai, 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 Lakhisarai and Lakhisarai, 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 Ramgarh Chowk or Lakhisarai to get the exact IFSC Code SBIN0017416.

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 Lakhisarai, then it will provide you proper information.

How to Use IFSC Code SBIN0017416 for Online Transfers?

If you have the IFSC Code SBIN0017416 for the Ramgarh Chowk branch of State Bank Of India in Lakhisarai, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SBIN0017416. 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 SBIN0017416.

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 Ramgarh Chowk in Lakhisarai, it may result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of State Bank Of India in Ramgarh Chowk, here are some of the ways 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.

Knowing both IFSC and MICR code can help account holders in Lakhisarai manage their online transfers and cheque clearances easily.