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 Daltonganj branch in Palamu, Daltonganj, Jharkhand, 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 Palamu or anywhere in Jharkhand can transfer funds instantly by using the correct IFSC Code SBIN0000061. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for State Bank Of India, Daltonganj, Palamu
Here are the main details that are associated with the IFSC Code SBIN0000061 of State Bank Of India for its branch located in Palamu, within the district of Daltonganj in the state of Jharkhand.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0000061 |
| Branch | Daltonganj |
| City | Palamu |
| District | Daltonganj |
| State | Jharkhand |
| Address | Court Compound, Daltonganj, Jharkhand-822101 |
These details are essential not only for online banking users but also for businesses and individuals who use State Bank Of India in Palamu for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0000061 for the Daltonganj 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, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with State Bank Of India located in Daltonganj, Palamu, Jharkhand, are allotted a unique IFSC like SBIN0000061 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Palamu.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Palamu and Daltonganj.
- 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 Daltonganj reaches the right place, even though there are thousands of branches in Jharkhand and across India.
Format of the IFSC Code SBIN0000061
This is the format of the IFSC Code for banks, including State Bank Of India, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For State Bank Of India, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Daltonganj in Palamu.
For example, the IFSC Code SBIN0000061 of State Bank Of India for the Daltonganj branch includes these elements, identifying the bank and the branch location in Palamu and Jharkhand accurately.
How to Find IFSC Code for State Bank Of India?
To find the IFSC Code SBIN0000061 of State Bank Of India for its Daltonganj branch located in Palamu, 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 Palamu and Daltonganj, 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 Daltonganj or Palamu to find the exact IFSC Code SBIN0000061.
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 Palamu will provide accurate information.
How to Use IFSC Code SBIN0000061 for Online Transfers?
Once you have the IFSC Code SBIN0000061 for the Daltonganj branch of State Bank Of India in Palamu, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SBIN0000061. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and State Bank Of India IFSC Code SBIN0000061.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for State Bank Of India Daltonganj in Palamu, it can 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 Daltonganj, 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 Palamu manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Daltonganj Palamu branch is SBIN0000061.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Court Compound, Daltonganj, Jharkhand-822101.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.