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 Baisi branch in Purnea, Purnea, 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 Purnea or anywhere in Bihar can transfer funds instantly by using the correct IFSC Code SBIN0002907. 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, Baisi, Purnea
The table below shows the main details of the IFSC Code SBIN0002907 for the State Bank Of India branch in Purnea, which falls under the Purnea district in Bihar.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0002907 |
| Branch | Baisi |
| City | Purnea |
| District | Purnea |
| State | Bihar |
| Address | Dist,Purnea,State,Biharpin,854315, |
These details helps users in online banking and for businesses and individuals who use State Bank Of India in Purnea for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0002907 for the Baisi 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 SBIN0002907 is given to every bank branch, including State Bank Of India located in Baisi, Purnea, 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 Purnea.
- 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 Purnea and Purnea.
- 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 Baisi doesn't end up at another location.
Format of the IFSC Code SBIN0002907
The format of the IFSC Code for banks, including State Bank Of India, has an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For State Bank Of India, these letters represent the bank's short name.
- 5th character: Is always zero and is kept for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Baisi in Purnea.
For example, the IFSC Code SBIN0002907 of State Bank Of India for the Baisi branch includes these elements, identifying the bank and the branch location in Purnea and Bihar correctly.
How to Find IFSC Code for State Bank Of India?
If you are trying to find the IFSC Code SBIN0002907 of State Bank Of India for its Baisi branch located in Purnea, 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 Purnea and Purnea, 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 Baisi or Purnea to get the exact IFSC Code SBIN0002907.
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 Purnea that will provide accurate information.
How to Use IFSC Code SBIN0002907 for Online Transfers?
Once you have the IFSC Code SBIN0002907 for the Baisi branch of State Bank Of India in Purnea, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code SBIN0002907. The transfer is completed in batches instead of instantly. It is useful for both 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 SBIN0002907.
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 Baisi in Purnea, 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 Baisi, 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 Purnea manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is SBIN0002907.
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 Dist,Purnea,State,Biharpin,854315, located in Purnea, Purnea, Bihar.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.