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 Marranwala branch in Panchkula, Panchkula, or Haryana, 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 Panchkula or anywhere in Haryana can transfer funds instantly by using the correct IFSC Code SBIN0051442. 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, Marranwala, Panchkula
The table below shows the main details of the IFSC Code SBIN0051442 for the State Bank Of India branch in Panchkula, which falls under the Panchkula district in Haryana.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0051442 |
| Branch | Marranwala |
| City | Panchkula |
| District | Panchkula |
| State | Haryana |
| Address | Near Bus Stand Po Nanak Pur Tehsil Kalka |
These details are crucial, not just for online banking users but also for businesses and individuals who use State Bank Of India in Panchkula for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0051442 for the Marranwala branch of State Bank Of India has an 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 Marranwala, Panchkula, Haryana, is provided a unique IFSC like SBIN0051442 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 Panchkula.
- 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 Panchkula and Panchkula.
- 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 Haryana and the rest of India, the IFSC Code ensures that transactions meant for State Bank Of India in Marranwala do not get misguided to another person.
Format of the IFSC Code SBIN0051442
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 Marranwala in Panchkula.
For example, the IFSC Code SBIN0051442 of State Bank Of India for the Marranwala branch includes these elements, identifying the bank and the branch location in Panchkula and Haryana accurately.
How to Find IFSC Code for State Bank Of India?
To find the IFSC Code SBIN0051442 of State Bank Of India for its Marranwala branch located in Panchkula, 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 Panchkula and Panchkula, 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 Marranwala or Panchkula to find the exact IFSC Code SBIN0051442.
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 Panchkula will provide accurate information.
How to Use IFSC Code SBIN0051442 for Online Transfers?
Once you have the IFSC Code SBIN0051442 for the Marranwala branch of State Bank Of India in Panchkula, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code SBIN0051442. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹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 SBIN0051442.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the State Bank Of India Marranwala in Panchkula, your payment can get delayed or might not go through at all.
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 Marranwala, here are some ways to obtain 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.
Having both the IFSC and MICR codes makes it easy for account holders in Panchkula to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is SBIN0051442.
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 Near Bus Stand Po Nanak Pur Tehsil Kalka located in Panchkula, Panchkula, Haryana.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.