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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of State Bank Of India for its Raja Garden Chowk, New Delhi branch in New Delhi, Delhi, Delhi, then this guide will give you detailed information.
The banking system has evolved significantly in India, and today the customers of State Bank Of India located in New Delhi or anywhere in Delhi can transfer funds instantly by using the correct IFSC Code SBIN0011567. 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, Raja Garden Chowk, New Delhi, New Delhi
Here are some of the key details that come with the IFSC Code SBIN0011567 of State Bank Of India for its branch located in New Delhi, within the district of Delhi in the state of Delhi.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0011567 |
| Branch | Raja Garden Chowk, New Delhi |
| City | New Delhi |
| District | Delhi |
| State | Delhi |
| Address | 34,Raja Garden,New Delhi110015 |
These details help 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 SBIN0011567 for the Raja Garden Chowk, New Delhi branch of State Bank Of India has a very 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 Raja Garden Chowk, New Delhi, New Delhi, Delhi, is provided a unique IFSC like SBIN0011567 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 New Delhi.
- 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 New Delhi and Delhi.
- 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 Delhi and the rest of India, the IFSC Code ensures that transactions meant for State Bank Of India in Raja Garden Chowk, New Delhi do not get misguided to another person.
Format of the IFSC Code SBIN0011567
The format of the IFSC Code for banks, including State Bank Of India, has 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 Raja Garden Chowk, New Delhi in New Delhi.
For example, the IFSC Code SBIN0011567 of State Bank Of India for the Raja Garden Chowk, New Delhi branch includes these elements, identifying the bank and the branch location in New Delhi and Delhi correctly.
How to Find IFSC Code for State Bank Of India?
If you are trying to find the IFSC Code SBIN0011567 of State Bank Of India for its Raja Garden Chowk, New Delhi branch located in New Delhi, 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 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 find the branch locator section. Search for Raja Garden Chowk, New Delhi or New Delhi to get the exact IFSC Code SBIN0011567.
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 New Delhi that will provide accurate information.
How to Use IFSC Code SBIN0011567 for Online Transfers?
If you have the IFSC Code SBIN0011567 for the Raja Garden Chowk, New Delhi 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 SBIN0011567. 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 SBIN0011567.
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 Raja Garden Chowk, New Delhi in New Delhi, it may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of State Bank Of India in Raja Garden Chowk, New Delhi, here are some of the ways 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.
Knowing both IFSC and MICR code can help account holders in New Delhi manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is SBIN0011567.
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 34,Raja Garden,New Delhi110015 located in New Delhi, Delhi, Delhi.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.