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 Tisco Works, Jamshedpur branch in Purbi Singhbhum, Jamshedpur, or Jharkhand, 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 Purbi Singhbhum or anywhere in Jharkhand can transfer funds instantly by using the correct IFSC Code SBIN0010398. 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, Tisco Works, Jamshedpur, Purbi Singhbhum
Here are the main details that are associated with the IFSC Code SBIN0010398 of State Bank Of India for its branch located in Purbi Singhbhum, within the district of Jamshedpur in the state of Jharkhand.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0010398 |
| Branch | Tisco Works, Jamshedpur |
| City | Purbi Singhbhum |
| District | Jamshedpur |
| State | Jharkhand |
| Address | East Singhbhum Jharkhand 831003 |
These details are important not only for users using online banking but also for businesses and individuals who use State Bank Of India in Purbi Singhbhum for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SBIN0010398 for the Tisco Works, Jamshedpur branch of State Bank Of India is vital.
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 Tisco Works, Jamshedpur, Purbi Singhbhum, Jharkhand, is provided with a unique IFSC like SBIN0010398 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 Purbi Singhbhum.
- 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 Purbi Singhbhum and Jamshedpur.
- 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 Jharkhand and the rest of India and the IFSC Code ensures that transactions meant for State Bank Of India in Tisco Works, Jamshedpur do not get mixed with another location.
Format of the IFSC Code SBIN0010398
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 Tisco Works, Jamshedpur in Purbi Singhbhum.
For example, the IFSC Code SBIN0010398 of State Bank Of India for the Tisco Works, Jamshedpur branch includes these elements, identifying the bank and the branch location in Purbi Singhbhum and Jharkhand accurately.
How to Find IFSC Code for State Bank Of India?
If you are trying to find the IFSC Code SBIN0010398 of State Bank Of India for its Tisco Works, Jamshedpur branch located in Purbi Singhbhum, 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 Purbi Singhbhum and Jamshedpur, 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 Tisco Works, Jamshedpur or Purbi Singhbhum to get the exact IFSC Code SBIN0010398.
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 Purbi Singhbhum that will provide accurate information.
How to Use IFSC Code SBIN0010398 for Online Transfers?
If you have the IFSC Code SBIN0010398 for the Tisco Works, Jamshedpur branch of State Bank Of India in Purbi Singhbhum, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SBIN0010398. 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 SBIN0010398.
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 Tisco Works, Jamshedpur in Purbi Singhbhum, 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 Tisco Works, Jamshedpur, 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 Purbi Singhbhum manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is SBIN0010398.
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 East Singhbhum Jharkhand 831003 located in Purbi Singhbhum, Jamshedpur, Jharkhand.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.