IFSC Code of State Bank Of India, Jindal Steel Power Ltd Patrapali, Raigarh, Chattisgarh- SBIN0005238

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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of State Bank Of India for its Jindal Steel Power Ltd Patrapali branch in Raigarh, Raigarh, Chattisgarh, then this guide will give you detailed information.

The banking system has evolved significantly in India, and today the customers of State Bank Of India located in Raigarh or anywhere in Chattisgarh can transfer funds instantly by using the correct IFSC Code SBIN0005238. 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, Jindal Steel Power Ltd Patrapali, Raigarh

The table below shows the main details of the IFSC Code SBIN0005238 for the State Bank Of India branch in Raigarh, which falls under the Raigarh district in Chattisgarh.

These details help users in online banking and for businesses and individuals who use State Bank Of India in Raigarh for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0005238 for the Jindal Steel Power Ltd Patrapali branch of State Bank Of India has a very 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 Jindal Steel Power Ltd Patrapali, Raigarh, Chattisgarh, is provided a unique IFSC like SBIN0005238 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 Raigarh.
• 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 Raigarh and Raigarh.
• 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 Chattisgarh and the rest of India, the IFSC Code ensures that transactions meant for State Bank Of India in Jindal Steel Power Ltd Patrapali do not get misguided to another person.

Format of the IFSC Code SBIN0005238

The format of the IFSC Code for banks, including State Bank Of India, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown:

• First 4 characters (AAAA): These represent the bank code. In State Bank Of India, they are a short identifier for the bank.
• 5th character (0): This is always zero and is reserved for future use.
• Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Jindal Steel Power Ltd Patrapali in Raigarh.

For example, the IFSC Code SBIN0005238 of State Bank Of India for the Jindal Steel Power Ltd Patrapali branch has these elements, identifying the bank and the branch location in Raigarh and Chattisgarh correctly.

How to Find IFSC Code for State Bank Of India?

To find the IFSC Code SBIN0005238 of State Bank Of India for its Jindal Steel Power Ltd Patrapali branch located in Raigarh, 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 Raigarh and Raigarh, 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 Jindal Steel Power Ltd Patrapali or Raigarh to find the exact IFSC Code SBIN0005238.

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 Raigarh will provide accurate information.

How to Use IFSC Code SBIN0005238 for Online Transfers?

Once you have the IFSC Code SBIN0005238 for the Jindal Steel Power Ltd Patrapali branch of State Bank Of India in Raigarh, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code SBIN0005238. 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 SBIN0005238.

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 Jindal Steel Power Ltd Patrapali in Raigarh, your payment can get delayed or might not go through at all.

Finding the MICR Code

MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of State Bank Of India in Jindal Steel Power Ltd Patrapali, you can find it by any of the following ways:

• Check the bottom of your cheque leaf.
• Go to the first page of your passbook.
• Visit the official State Bank Of India website.
• Search the RBI portal.

Having both IFSC and MICR codes helps account holders in Raigarh manage online transfers as well as cheque clearances with ease.