IFSC Code of State Bank Of India, Singh More, Ranchi, Ranchi, Jharkhand- SBIN0016618

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 Singh More, Ranchi branch in Ranchi, Ranchi, Jharkhand, 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 Ranchi or anywhere in Jharkhand can transfer funds instantly by using the correct IFSC Code SBIN0016618. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for State Bank Of India, Singh More, Ranchi, Ranchi

Below in the table are the key details related to IFSC Code SBIN0016618 of State Bank Of India for its branch located in Ranchi, within the district of Ranchi in the state of Jharkhand.

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 SBIN0016618 for the Singh More, 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 that is provided by the Reserve Bank of India. A unique IFSC like SBIN0016618 is given to every bank branch, including State Bank Of India located in Singh More, Ranchi, Ranchi, Jharkhand, 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 Ranchi.
• 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 Ranchi and Ranchi.
• 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 Jharkhand and the rest of India, which is why the IFSC Code ensures that transactions meant for State Bank Of India in Singh More, Ranchi doesn't end up at another location.

Format of the IFSC Code SBIN0016618

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 Singh More, Ranchi in Ranchi.

For example, the IFSC Code SBIN0016618 of State Bank Of India for the Singh More, 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?

To find the IFSC Code SBIN0016618 of State Bank Of India for its Singh More, Ranchi branch located in Ranchi, 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 Ranchi and Ranchi, 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 Singh More, Ranchi or Ranchi to find the exact IFSC Code SBIN0016618.

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 Ranchi will provide accurate information.

How to Use IFSC Code SBIN0016618 for Online Transfers?

Once you have the IFSC Code SBIN0016618 for the Singh More, 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 SBIN0016618. 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 SBIN0016618.

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 Singh More, Ranchi in Ranchi may result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of State Bank Of India in Singh More, Ranchi, here are some ways that 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.

If you know both IFSC and MICR codes, then it can help account holders in Ranchi manage online transfers as well as cheque clearances with ease.