The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of State Bank Of India for its Commercial Branch branch in Raipur, Raipur, Chattisgarh, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of State Bank Of India located in Raipur or anywhere in Chattisgarh can transfer funds instantly by using the correct IFSC Code SBIN0008536. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for State Bank Of India, Commercial Branch, Raipur
Here are the key points that are associated with the IFSC Code SBIN0008536 of State Bank Of India for its branch located in Raipur, within the district of Raipur in the state of Chattisgarh.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0008536 |
| Branch | Commercial Branch |
| City | Raipur |
| District | Raipur |
| State | Chattisgarh |
| Address | State Bank Of India, Commercial Branch, Mid Corporate Group, Second Floor, Pujari Chambers, Pachpedi Naaka, Raipur, Pin 492001 |
These details helps users in online banking and for businesses and individuals who use State Bank Of India in Raipur for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0008536 for the Commercial Branch 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, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including State Bank Of India located in Commercial Branch, Raipur, Chattisgarh, is provided a unique IFSC like SBIN0008536 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 Raipur.
- 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 Raipur and Raipur.
- 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 Commercial Branch do not get misguided to another person.
Format of the IFSC Code SBIN0008536
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 Commercial Branch in Raipur.
For example, the IFSC Code SBIN0008536 of State Bank Of India for the Commercial Branch branch includes these elements, identifying the bank and the branch location in Raipur and Chattisgarh correctly.
How to Find IFSC Code for State Bank Of India?
If you are trying to find the IFSC Code SBIN0008536 of State Bank Of India for its Commercial Branch branch located in Raipur, 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 Raipur and Raipur, 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 Commercial Branch or Raipur to get the exact IFSC Code SBIN0008536.
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 Raipur that will provide accurate information.
How to Use IFSC Code SBIN0008536 for Online Transfers?
Once you have the IFSC Code SBIN0008536 for the Commercial Branch branch of State Bank Of India in Raipur, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code SBIN0008536. 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 SBIN0008536.
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 Commercial Branch in Raipur, 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 Commercial Branch, 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 Raipur manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is SBIN0008536.
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 State Bank Of India, Commercial Branch, Mid Corporate Group, Second Floor, Pujari Chambers, Pachpedi Naaka, Raipur, Pin 492001 located in Raipur, Raipur, Chattisgarh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.