IFSC Code of State Bank Of India, Collectorate Complex, Latur, Maharashtra- SBIN0021055

The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of State Bank Of India for its Collectorate Complex branch in Latur, Latur, Maharashtra, this complete guide will provide you with detailed information.

The banking system in India has changed over the years, and today customers of State Bank Of India located in Latur or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SBIN0021055. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for State Bank Of India, Collectorate Complex, Latur

Here are the main details that are associated with the IFSC Code SBIN0021055 of State Bank Of India for its branch located in Latur, within the district of Latur in the state of Maharashtra.

These details are essential not only for online banking users but also for businesses and individuals who use State Bank Of India in Latur for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0021055 for the Collectorate Complex 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 that is provided by the Reserve Bank of India. A unique IFSC like SBIN0021055 is given to every bank branch, including State Bank Of India located in Collectorate Complex, Latur, Maharashtra, 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 Latur.
• 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 Latur and Latur.
• 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 Maharashtra and the rest of India, which is why the IFSC Code ensures that transactions meant for State Bank Of India in Collectorate Complex doesn't end up at another location.

Format of the IFSC Code SBIN0021055

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 Collectorate Complex in Latur.

For example, the IFSC Code SBIN0021055 of State Bank Of India for the Collectorate Complex branch has these elements, identifying the bank and the branch location in Latur and Maharashtra correctly.

How to Find IFSC Code for State Bank Of India?

If you are trying to find the IFSC Code SBIN0021055 of State Bank Of India for its Collectorate Complex branch located in Latur, 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 Latur and Latur, 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 Collectorate Complex or Latur to get the exact IFSC Code SBIN0021055.

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 Latur that will provide accurate information.

How to Use IFSC Code SBIN0021055 for Online Transfers?

Once you have the IFSC Code SBIN0021055 for the Collectorate Complex branch of State Bank Of India in Latur, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SBIN0021055. Transfers are processed in batches. This is 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. Requires the recipient's account details and State Bank Of India IFSC Code SBIN0021055.

Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for State Bank Of India Collectorate Complex in Latur may 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 Collectorate Complex, 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 Latur manage online transfers as well as cheque clearances with ease.