Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of State Bank Of India for its Nazira Town branch in Sibsagar, Nazira Town, or Assam, this guide will help you with all the details.

There have been major changes in the banking sector in India and today, the customers of State Bank Of India located in Sibsagar or anywhere in Assam can transfer funds instantly by using the correct IFSC Code SBIN0002095. You should definitely 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, Nazira Town, Sibsagar

Below in the table are the key details related to IFSC Code SBIN0002095 of State Bank Of India for its branch located in Sibsagar, within the district of Nazira Town in the state of Assam.

Particulars Details
Bank State Bank Of India
IFSC Code SBIN0002095
Branch Nazira Town
City Sibsagar
District Nazira Town
State Assam
Address Dist. Sibsagar, Assam 785 685

These details are essential not only for online banking users but also for businesses and individuals who use State Bank Of India in Sibsagar for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0002095 for the Nazira Town 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 Nazira Town, Sibsagar, Assam, is provided a unique IFSC like SBIN0002095 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 Sibsagar.
  • 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 Sibsagar and Nazira Town.
  • 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 Assam and the rest of India, the IFSC Code ensures that transactions meant for State Bank Of India in Nazira Town do not get misguided to another person.

Format of the IFSC Code SBIN0002095

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): These represent the bank code. In State Bank Of India, they are a short identifier for the bank.
  • 5th character (0): This is always zero and is reserved for future use.
  • Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Nazira Town in Sibsagar.

For example, the IFSC Code SBIN0002095 of State Bank Of India for the Nazira Town branch has these elements, identifying the bank and the branch location in Sibsagar and Assam correctly.

How to Find IFSC Code for State Bank Of India?

If you are looking for the IFSC Code SBIN0002095 of State Bank Of India for its Nazira Town branch located in Sibsagar, the following methods can help:

Cheque Book

The cheque book that is issued by State Bank Of India includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.

Passbook

Most of the banks, including State Bank Of India branches in Sibsagar and Nazira Town, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

You can visit the official website of State Bank Of India and look for the branch locator section, then search for Nazira Town or Sibsagar to get the exact IFSC Code SBIN0002095.

Mobile Banking App

If you use State Bank Of India's mobile app, you can check your account details to easily find your branch's IFSC code.

RBI Website

The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for State Bank Of India and Sibsagar, then it will provide you proper information.

How to Use IFSC Code SBIN0002095 for Online Transfers?

If you have the IFSC Code SBIN0002095 for the Nazira Town branch of State Bank Of India in Sibsagar, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SBIN0002095. Transfers are processed in batches. 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. Asks for the recipient's account details and State Bank Of India IFSC Code SBIN0002095.

Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for State Bank Of India Nazira Town in Sibsagar, it 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 Nazira Town, 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 Sibsagar manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of State Bank Of India in Nazira Town, Sibsagar?

The IFSC Code is SBIN0002095.

Is the IFSC Code SBIN0002095 permanent?

Yes, but it can change during merging or restructuring of the bank.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and IFSC is for online transfers.

Where can I find the IFSC Code of State Bank Of India Nazira Town?

You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.

What is the full address of the Nazira Town branch?

The address of the branch is Dist. Sibsagar, Assam 785 685 located in Sibsagar, Nazira Town, Assam.

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.