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 Collectorate, Mahasamund branch in Mahasamund, Mahasamund, Chattisgarh, 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 Mahasamund or anywhere in Chattisgarh can easily transfer funds instantly by using the correct IFSC Code SBIN0012141. 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, Collectorate, Mahasamund, Mahasamund
Below in the table are the key details related to IFSC Code SBIN0012141 of State Bank Of India for its branch located in Mahasamund, within the district of Mahasamund in the state of Chattisgarh.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0012141 |
| Branch | Collectorate, Mahasamund |
| City | Mahasamund |
| District | Mahasamund |
| State | Chattisgarh |
| Address | Mahasamund Collectorate Road,Gourav Path,Distmahasamund493445 |
These details are essential not only for online banking users but also for businesses and individuals who use State Bank Of India in Mahasamund for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0012141 for the Collectorate, Mahasamund 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 Collectorate, Mahasamund, Mahasamund, Chattisgarh, are given a unique IFSC like SBIN0012141 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Mahasamund.
- 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 Mahasamund and Mahasamund.
- 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 Collectorate, Mahasamund goes to the correct branch. This is important because State Bank Of India has thousands of branches in Chattisgarh and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code SBIN0012141
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): 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 Collectorate, Mahasamund in Mahasamund.
For example, the IFSC Code SBIN0012141 of State Bank Of India for the Collectorate, Mahasamund branch includes these elements, identifying the bank and the branch location in Mahasamund and Chattisgarh accurately.
How to Find IFSC Code for State Bank Of India?
If you are trying to find the IFSC Code SBIN0012141 of State Bank Of India for its Collectorate, Mahasamund branch located in Mahasamund, 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 Mahasamund and Mahasamund, 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, Mahasamund or Mahasamund to get the exact IFSC Code SBIN0012141.
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 Mahasamund that will provide accurate information.
How to Use IFSC Code SBIN0012141 for Online Transfers?
Once you have the IFSC Code SBIN0012141 for the Collectorate, Mahasamund branch of State Bank Of India in Mahasamund, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SBIN0012141. 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 SBIN0012141.
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, Mahasamund in Mahasamund 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, Mahasamund, 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 Mahasamund manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is SBIN0012141.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Mahasamund Collectorate Road,Gourav Path,Distmahasamund493445 located in Mahasamund, Mahasamund, Chattisgarh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.