IFSC Code of State Bank Of India, Racc North Lakhimpur, North Lakhimpur, Assam — SBIN0063262

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 North Lakhimpur branch in North Lakhimpur, North Lakhimpur, or Assam, 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 North Lakhimpur or anywhere in Assam can transfer funds instantly by using the correct IFSC Code SBIN0063262. 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 North Lakhimpur, North Lakhimpur

Below in the table are the key details related to IFSC Code SBIN0063262 of State Bank Of India for its branch located in North Lakhimpur, within the district of North Lakhimpur in the state of Assam.

These details help users in online banking and for businesses and individuals who use State Bank Of India in North Lakhimpur for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0063262 for the Racc North Lakhimpur 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, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including State Bank Of India located in Racc North Lakhimpur, North Lakhimpur, Assam, is provided with a unique IFSC like SBIN0063262 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 North Lakhimpur.
• 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 North Lakhimpur and North Lakhimpur.
• 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 Assam and the rest of India and the IFSC Code ensures that transactions meant for State Bank Of India in Racc North Lakhimpur do not get mixed with another location.

Format of the IFSC Code SBIN0063262

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 Racc North Lakhimpur in North Lakhimpur.

For example, the IFSC Code SBIN0063262 of State Bank Of India for the Racc North Lakhimpur branch includes these elements, identifying the bank and the branch location in North Lakhimpur and Assam accurately.

How to Find IFSC Code for State Bank Of India?

To find the IFSC Code SBIN0063262 of State Bank Of India for its Racc North Lakhimpur branch located in North Lakhimpur, 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 North Lakhimpur and North Lakhimpur, 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 Racc North Lakhimpur or North Lakhimpur to find the exact IFSC Code SBIN0063262.

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 North Lakhimpur will provide accurate information.

How to Use IFSC Code SBIN0063262 for Online Transfers?

Once you have the IFSC Code SBIN0063262 for the Racc North Lakhimpur branch of State Bank Of India in North Lakhimpur, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SBIN0063262. 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 SBIN0063262.

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 Racc North Lakhimpur in North Lakhimpur 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 Racc North Lakhimpur, 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 North Lakhimpur manage their online transfers and cheque clearances easily.