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 Tatapani branch in Mandi, Tatapani, Himachal Pradesh, 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 Mandi or anywhere in Himachal Pradesh can transfer funds instantly by using the correct IFSC Code SBIN0050556. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for State Bank Of India, Tatapani, Mandi
The table below shows the main details of the IFSC Code SBIN0050556 for the State Bank Of India branch in Mandi, which falls under the Tatapani district in Himachal Pradesh.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0050556 |
| Branch | Tatapani |
| City | Mandi |
| District | Tatapani |
| State | Himachal Pradesh |
| Address | Itmanihp |
These details are important not only for users using online banking but also for businesses and individuals who use State Bank Of India in Mandi for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SBIN0050556 for the Tatapani branch of State Bank Of India is vital.
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 Tatapani, Mandi, Himachal Pradesh, is provided with a unique IFSC like SBIN0050556 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 Mandi.
- 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 Mandi and Tatapani.
- 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 Himachal Pradesh and the rest of India and the IFSC Code ensures that transactions meant for State Bank Of India in Tatapani do not get mixed with another location.
Format of the IFSC Code SBIN0050556
The format of the IFSC Code for banks, including State Bank Of India, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For State Bank Of India, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Tatapani in Mandi.
For example, the IFSC Code SBIN0050556 of State Bank Of India for the Tatapani branch includes these elements, identifying the bank and the branch location in Mandi and Himachal Pradesh accurately.
How to Find IFSC Code for State Bank Of India?
If you are trying to find the IFSC Code SBIN0050556 of State Bank Of India for its Tatapani branch located in Mandi, 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 Mandi and Tatapani, 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 Tatapani or Mandi to get the exact IFSC Code SBIN0050556.
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 Mandi that will provide accurate information.
How to Use IFSC Code SBIN0050556 for Online Transfers?
Once you have the IFSC Code SBIN0050556 for the Tatapani branch of State Bank Of India in Mandi, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SBIN0050556. 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 SBIN0050556.
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 Tatapani in Mandi may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of State Bank Of India in Tatapani, you can find it by any of the following ways:
- Check the bottom of your cheque leaf.
- Go to the first page of your passbook.
- Visit the official State Bank Of India website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Mandi manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is SBIN0050556.
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 Itmanihp located in Mandi, Tatapani, Himachal Pradesh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.