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 R And Db Racc Sarapaka branch in Sarapaka, Sarapaka, Telangana, 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 Sarapaka or anywhere in Telangana can easily transfer funds instantly by using the correct IFSC Code SBIN0063420. 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, R And Db Racc Sarapaka, Sarapaka

Here are the main details that are associated with the IFSC Code SBIN0063420 of State Bank Of India for its branch located in Sarapaka, within the district of Sarapaka in the state of Telangana.

Particulars Details
Bank State Bank Of India
IFSC Code SBIN0063420
Branch R And Db Racc Sarapaka
City Sarapaka
District Sarapaka
State Telangana
Address Itc Premises, Sarapaka Branch 6113 Premises, Sarapaka, Bhadradri Kothagudem Dist Ts 507128

These details are essential not only for online banking users but also for businesses and individuals who use State Bank Of India in Sarapaka for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0063420 for the R And Db Racc Sarapaka branch of State Bank Of India plays an 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 R And Db Racc Sarapaka, Sarapaka, Telangana, is provided a unique IFSC like SBIN0063420 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 Sarapaka.
  • 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 Sarapaka and Sarapaka.
  • 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 R And Db Racc Sarapaka do not get misguided to another person.

Format of the IFSC Code SBIN0063420

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 R And Db Racc Sarapaka in Sarapaka.

For example, the IFSC Code SBIN0063420 of State Bank Of India for the R And Db Racc Sarapaka branch includes these elements, identifying the bank and the branch location in Sarapaka and Telangana correctly.

How to Find IFSC Code for State Bank Of India?

To find the IFSC Code SBIN0063420 of State Bank Of India for its R And Db Racc Sarapaka branch located in Sarapaka, 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 Sarapaka and Sarapaka, 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 R And Db Racc Sarapaka or Sarapaka to find the exact IFSC Code SBIN0063420.

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 Sarapaka will provide accurate information.

How to Use IFSC Code SBIN0063420 for Online Transfers?

Once you have the IFSC Code SBIN0063420 for the R And Db Racc Sarapaka branch of State Bank Of India in Sarapaka, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code SBIN0063420. 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 SBIN0063420.

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 R And Db Racc Sarapaka in Sarapaka, your payment can get delayed or might not go through at all.

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 R And Db Racc Sarapaka, here are some ways to obtain 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.

Having both the IFSC and MICR codes makes it easy for account holders in Sarapaka to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of State Bank Of India in R And Db Racc Sarapaka, Sarapaka?

The IFSC Code is SBIN0063420.

Is the IFSC Code SBIN0063420 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of State Bank Of India R And Db Racc Sarapaka?

You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the R And Db Racc Sarapaka branch?

The address of the branch is Itc Premises, Sarapaka Branch 6113 Premises, Sarapaka, Bhadradri Kothagudem Dist Ts 507128 located in Sarapaka, Sarapaka, Telangana.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.