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 Modern School, Bara Khamba Road branch in New Delhi, Delhi, Delhi, 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 New Delhi or anywhere in Delhi can transfer funds instantly by using the correct IFSC Code SBIN0011781. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for State Bank Of India, Modern School, Bara Khamba Road, New Delhi
The table below shows the main details of the IFSC Code SBIN0011781 for the State Bank Of India branch in New Delhi, which falls under the Delhi district in Delhi.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0011781 |
| Branch | Modern School, Bara Khamba Road |
| City | New Delhi |
| District | Delhi |
| State | Delhi |
| Address | Modern School,Barakhamba Road,New Delhi110001 |
These details are important not only for users using online banking but also for businesses and individuals who use State Bank Of India in New Delhi for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SBIN0011781 for the Modern School, Bara Khamba Road 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, along with State Bank Of India located in Modern School, Bara Khamba Road, New Delhi, Delhi, are allotted a unique IFSC like SBIN0011781 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in New Delhi.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like New Delhi and Delhi.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to State Bank Of India in Modern School, Bara Khamba Road reaches the right place, even though there are thousands of branches in Delhi and across India.
Format of the IFSC Code SBIN0011781
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 Modern School, Bara Khamba Road in New Delhi.
For example, the IFSC Code SBIN0011781 of State Bank Of India for the Modern School, Bara Khamba Road branch includes these elements, identifying the bank and the branch location in New Delhi and Delhi accurately.
How to Find IFSC Code for State Bank Of India?
To find the IFSC Code SBIN0011781 of State Bank Of India for its Modern School, Bara Khamba Road branch located in New Delhi, 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 New Delhi and Delhi, 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 Modern School, Bara Khamba Road or New Delhi to find the exact IFSC Code SBIN0011781.
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 New Delhi will provide accurate information.
How to Use IFSC Code SBIN0011781 for Online Transfers?
Once you have the IFSC Code SBIN0011781 for the Modern School, Bara Khamba Road branch of State Bank Of India in New Delhi, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SBIN0011781. 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 SBIN0011781.
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 Modern School, Bara Khamba Road in New Delhi 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 Modern School, Bara Khamba Road, 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 New Delhi manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is SBIN0011781.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Modern School,Barakhamba Road,New Delhi110001 located in New Delhi, Delhi, Delhi.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.