There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of State Bank Of India for its Main Road, Ranchi branch in Ranchi, Ranchi, Jharkhand, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of State Bank Of India situated in Ranchi or anywhere in Jharkhand can easily transfer funds instantly by using the correct IFSC Code SBIN0001194. You should 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, Main Road, Ranchi, Ranchi
The table below shows the main details of the IFSC Code SBIN0001194 for the State Bank Of India branch in Ranchi, which falls under the Ranchi district in Jharkhand.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0001194 |
| Branch | Main Road, Ranchi |
| City | Ranchi |
| District | Ranchi |
| State | Jharkhand |
| Address | Main.Rd.,Ranchi,Jharkhand,Pin.834001 |
These details are crucial, not just for online banking users but also for businesses and individuals who use State Bank Of India in Ranchi for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0001194 for the Main Road, Ranchi branch of State Bank Of India has an important role.
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, along with State Bank Of India located in Main Road, Ranchi, Ranchi, Jharkhand, are given a unique IFSC like SBIN0001194 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Ranchi.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Ranchi and Ranchi.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to State Bank Of India in Main Road, Ranchi goes to the correct branch. This is important because State Bank Of India has thousands of branches in Jharkhand and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code SBIN0001194
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): 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 Main Road, Ranchi in Ranchi.
For example, the IFSC Code SBIN0001194 of State Bank Of India for the Main Road, Ranchi branch includes these elements, identifying the bank and the branch location in Ranchi and Jharkhand accurately.
How to Find IFSC Code for State Bank Of India?
If you are trying to find the IFSC Code SBIN0001194 of State Bank Of India for its Main Road, Ranchi branch located in Ranchi, the following methods can help:
Cheque Book
The cheque book issued by State Bank Of India includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
Most banks, including State Bank Of India branches in Ranchi and Ranchi, print the IFSC and MICR codes on the first page of your passbook.
Bank Website
Visit the official website of State Bank Of India and navigate to the branch locator section. Search for Main Road, Ranchi or Ranchi to get the exact IFSC Code SBIN0001194.
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 keeps an updated list of all IFSC codes. If you search for State Bank Of India and Ranchi, you'll get the correct details.
How to Use IFSC Code SBIN0001194 for Online Transfers?
Once you have the IFSC Code SBIN0001194 for the Main Road, Ranchi branch of State Bank Of India in Ranchi, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SBIN0001194. Transfers are processed in batches. This is 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. Requires the recipient's account details and State Bank Of India IFSC Code SBIN0001194.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for State Bank Of India Main Road, Ranchi in Ranchi 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 Main Road, Ranchi, 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 Ranchi manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is SBIN0001194.
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 Main.Rd.,Ranchi,Jharkhand,Pin.834001 located in Ranchi, Ranchi, Jharkhand.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.