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 Mohanpura branch in New Delhi, Mohanpura, Uttarakhand, 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 New Delhi or anywhere in Uttarakhand can easily transfer funds instantly by using the correct IFSC Code SBIN0011412. 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, Mohanpura, New Delhi

Here are some of the key details that come with the IFSC Code SBIN0011412 of State Bank Of India for its branch located in New Delhi, within the district of Mohanpura in the state of Uttarakhand.

These details helps users in online banking and for businesses and individuals who use State Bank Of India in New Delhi for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0011412 for the Mohanpura branch of State Bank Of India plays a vital 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 Mohanpura, New Delhi, Uttarakhand, is provided with a unique IFSC like SBIN0011412 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 New Delhi.
• 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 New Delhi and Mohanpura.
• 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 Uttarakhand and the rest of India and the IFSC Code ensures that transactions meant for State Bank Of India in Mohanpura do not get mixed with another location.

Format of the IFSC Code SBIN0011412

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 Mohanpura in New Delhi.

For example, the IFSC Code SBIN0011412 of State Bank Of India for the Mohanpura branch includes these elements, identifying the bank and the branch location in New Delhi and Uttarakhand accurately.

How to Find IFSC Code for State Bank Of India?

To find the IFSC Code SBIN0011412 of State Bank Of India for its Mohanpura 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 Mohanpura, 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 Mohanpura or New Delhi to find the exact IFSC Code SBIN0011412.

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 SBIN0011412 for Online Transfers?

If you have the IFSC Code SBIN0011412 for the Mohanpura branch of State Bank Of India in New Delhi, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SBIN0011412. Transfers are processed in batches. 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. Asks for the recipient's account details and State Bank Of India IFSC Code SBIN0011412.

Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for State Bank Of India Mohanpura in New Delhi, it 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 Mohanpura, 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 New Delhi manage online transfers as well as cheque clearances with ease.