For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of State Bank Of India for its Fimm Racc Sangareddy branch in Sangareddy, Sangareddy, Telangana, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of State Bank Of India located in Sangareddy or anywhere in Telangana can transfer funds instantly by using the correct IFSC Code SBIN0062525. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for State Bank Of India, Fimm Racc Sangareddy, Sangareddy
Here are some of the key details that come with the IFSC Code SBIN0062525 of State Bank Of India for its branch located in Sangareddy, within the district of Sangareddy in the state of Telangana.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0062525 |
| Branch | Fimm Racc Sangareddy |
| City | Sangareddy |
| District | Sangareddy |
| State | Telangana |
| Address | 1St Floor, Sangareddy Branch,Opp Court Complex, Sangareddy |
These details help users in online banking and for businesses and individuals who use State Bank Of India in Sangareddy for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0062525 for the Fimm Racc Sangareddy 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 Fimm Racc Sangareddy, Sangareddy, Telangana, is provided a unique IFSC like SBIN0062525 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 Sangareddy.
- 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 Sangareddy and Sangareddy.
- 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 Telangana and the rest of India, the IFSC Code ensures that transactions meant for State Bank Of India in Fimm Racc Sangareddy do not get misguided to another person.
Format of the IFSC Code SBIN0062525
This is the format of the IFSC Code for banks, including State Bank Of India, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For State Bank Of India, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Fimm Racc Sangareddy in Sangareddy.
For example, the IFSC Code SBIN0062525 of State Bank Of India for the Fimm Racc Sangareddy branch includes these elements, identifying the bank and the branch location in Sangareddy and Telangana accurately.
How to Find IFSC Code for State Bank Of India?
If you are trying to find the IFSC Code SBIN0062525 of State Bank Of India for its Fimm Racc Sangareddy branch located in Sangareddy, 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 Sangareddy and Sangareddy, 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 Fimm Racc Sangareddy or Sangareddy to get the exact IFSC Code SBIN0062525.
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 Sangareddy that will provide accurate information.
How to Use IFSC Code SBIN0062525 for Online Transfers?
Once you have the IFSC Code SBIN0062525 for the Fimm Racc Sangareddy branch of State Bank Of India in Sangareddy, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SBIN0062525. 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 SBIN0062525.
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 Fimm Racc Sangareddy in Sangareddy 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 Fimm Racc Sangareddy, 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 Sangareddy manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is SBIN0062525.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is 1St Floor, Sangareddy Branch,Opp Court Complex, Sangareddy located in Sangareddy, Sangareddy, Telangana.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.