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 Pandarak branch in Patna, Pandarak, or Bihar, 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 Patna or anywhere in Bihar can transfer funds instantly by using the correct IFSC Code SBIN0012581. 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, Pandarak, Patna
Below in the table are the key details related to IFSC Code SBIN0012581 of State Bank Of India for its branch located in Patna, within the district of Pandarak in the state of Bihar.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0012581 |
| Branch | Pandarak |
| City | Patna |
| District | Pandarak |
| State | Bihar |
| Address | S By O Late Gopal Sharan Sharma,Pandarak,Distpatna803213 |
These details helps users in online banking and for businesses and individuals who use State Bank Of India in Patna for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0012581 for the Pandarak 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 that is provided by the Reserve Bank of India. A unique IFSC like SBIN0012581 is given to every bank branch, including State Bank Of India located in Pandarak, Patna, Bihar, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the State Bank Of India branch in Patna.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any kind of confusion between multiple branches of the same bank across different places like Patna and Pandarak.
- It removes errors in fund transfers and improves accuracy.
- It lets the sender banks validate and confirm branch details before they process the payments.
There are thousands of branches across Bihar and the rest of India, which is why the IFSC Code ensures that transactions meant for State Bank Of India in Pandarak doesn't end up at another location.
Format of the IFSC Code SBIN0012581
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 Pandarak in Patna.
For example, the IFSC Code SBIN0012581 of State Bank Of India for the Pandarak branch includes these elements, identifying the bank and the branch location in Patna and Bihar accurately.
How to Find IFSC Code for State Bank Of India?
If you are trying to find the IFSC Code SBIN0012581 of State Bank Of India for its Pandarak branch located in Patna, 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 Patna and Pandarak, 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 Pandarak or Patna to get the exact IFSC Code SBIN0012581.
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 Patna that will provide accurate information.
How to Use IFSC Code SBIN0012581 for Online Transfers?
Once you have the IFSC Code SBIN0012581 for the Pandarak branch of State Bank Of India in Patna, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code SBIN0012581. 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 SBIN0012581.
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 Pandarak in Patna, your payment can get delayed or might not go through at all.
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 Pandarak, 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 Patna manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is SBIN0012581.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is S By O Late Gopal Sharan Sharma,Pandarak,Distpatna803213 located in Patna, Pandarak, Bihar.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.