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 Wakro branch in Lohit, Wakro, Arunachal Pradesh, 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 Lohit or anywhere in Arunachal Pradesh can transfer funds instantly by using the correct IFSC Code SBIN0007870. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for State Bank Of India, Wakro, Lohit

Here are the key points that are associated with the IFSC Code SBIN0007870 of State Bank Of India for its branch located in Lohit, within the district of Wakro in the state of Arunachal Pradesh.

Particulars Details
Bank State Bank Of India
IFSC Code SBIN0007870
Branch Wakro
City Lohit
District Wakro
State Arunachal Pradesh
Address Dist Lohit,Arunachal Pradesh 792104

These details are essential not only for online banking users but also for businesses and individuals who use State Bank Of India in Lohit for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0007870 for the Wakro 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, including State Bank Of India located in Wakro, Lohit, Arunachal Pradesh, is provided with a unique IFSC like SBIN0007870 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It uniquely identifies the State Bank Of India branch in Lohit.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any errors or confusions between multiple branches of the same bank across different places like Lohit and Wakro.
  • It reduces errors in fund transfers and improves accuracy.
  • It allows sender banks to validate and confirm branch details before processing payments.

There are thousands of branches across Arunachal Pradesh and the rest of India and the IFSC Code ensures that transactions meant for State Bank Of India in Wakro do not get mixed with another location.

Format of the IFSC Code SBIN0007870

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 Wakro in Lohit.

For example, the IFSC Code SBIN0007870 of State Bank Of India for the Wakro branch includes these elements, identifying the bank and the branch location in Lohit and Arunachal Pradesh correctly.

How to Find IFSC Code for State Bank Of India?

To find the IFSC Code SBIN0007870 of State Bank Of India for its Wakro branch located in Lohit, 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 Lohit and Wakro, 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 Wakro or Lohit to find the exact IFSC Code SBIN0007870.

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 Lohit will provide accurate information.

How to Use IFSC Code SBIN0007870 for Online Transfers?

Once you have the IFSC Code SBIN0007870 for the Wakro branch of State Bank Of India in Lohit, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code SBIN0007870. 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 SBIN0007870.

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 Wakro in Lohit, your payment can get delayed or might not go through at all.

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 Wakro, 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 Lohit manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of State Bank Of India in Wakro, Lohit?

The IFSC Code is SBIN0007870.

Is the IFSC Code SBIN0007870 permanent?

Yes, but it can change during merging or restructuring of the bank.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and IFSC is for online transfers.

Where can I find the IFSC Code of State Bank Of India Wakro?

You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.

What is the full address of the Wakro branch?

The address of the branch is Dist Lohit,Arunachal Pradesh 792104 located in Lohit, Wakro, Arunachal Pradesh.

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.