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 Racc Fi And Mm Mehsana branch in Mehsana, Mehsana, or Gujarat, 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 Mehsana or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code SBIN0062741. 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, Racc Fi And Mm Mehsana, Mehsana
The table below shows the main details of the IFSC Code SBIN0062741 for the State Bank Of India branch in Mehsana, which falls under the Mehsana district in Gujarat.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0062741 |
| Branch | Racc Fi And Mm Mehsana |
| City | Mehsana |
| District | Mehsana |
| State | Gujarat |
| Address | Universal Complex, Near Ongc Workshop |
These details are essential not only for online banking users but also for businesses and individuals who use State Bank Of India in Mehsana for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0062741 for the Racc Fi And Mm Mehsana 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, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including State Bank Of India located in Racc Fi And Mm Mehsana, Mehsana, Gujarat, is provided a unique IFSC like SBIN0062741 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the State Bank Of India branch in Mehsana.
- Helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any confusions between multiple branches of the same bank across different places like Mehsana and Mehsana.
- It reduces most of the errors in fund transfers and makes sure its accuracy.
- It enables sender banks to validate and confirm branch details before processing payments.
For thousands of branches across Gujarat and the rest of India, the IFSC Code ensures that transactions meant for State Bank Of India in Racc Fi And Mm Mehsana do not get misguided to another person.
Format of the IFSC Code SBIN0062741
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 Racc Fi And Mm Mehsana in Mehsana.
For example, the IFSC Code SBIN0062741 of State Bank Of India for the Racc Fi And Mm Mehsana branch has these elements, identifying the bank and the branch location in Mehsana and Gujarat correctly.
How to Find IFSC Code for State Bank Of India?
If you are trying to find the IFSC Code SBIN0062741 of State Bank Of India for its Racc Fi And Mm Mehsana branch located in Mehsana, the following methods can help:
Cheque Book
The cheque book issued by State Bank Of India includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
You can easily find the IFSC and MICR codes because most banks, including State Bank Of India branches in Mehsana and Mehsana, print them on the first page of your passbook.
Bank Website
Visit the official website of State Bank Of India and navigate to the branch locator section. Search for Racc Fi And Mm Mehsana or Mehsana to get the exact IFSC Code SBIN0062741.
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 keeps an updated list of all IFSC codes. If you search for State Bank Of India and Mehsana, you'll get the correct details.
How to Use IFSC Code SBIN0062741 for Online Transfers?
Once you have the IFSC Code SBIN0062741 for the Racc Fi And Mm Mehsana branch of State Bank Of India in Mehsana, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code SBIN0062741. 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 SBIN0062741.
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 Racc Fi And Mm Mehsana in Mehsana, your payment can get delayed or might not go through at all.
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 Racc Fi And Mm Mehsana, 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 Mehsana manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is SBIN0062741.
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 Universal Complex, Near Ongc Workshop located in Mehsana, Mehsana, Gujarat.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.