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 Posaliya branch in Sirohi, Posaliya, Rajasthan, 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 Sirohi or anywhere in Rajasthan can transfer funds instantly by using the correct IFSC Code SBIN0004629. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for State Bank Of India, Posaliya, Sirohi
Here are some of the key details that come with the IFSC Code SBIN0004629 of State Bank Of India for its branch located in Sirohi, within the district of Posaliya in the state of Rajasthan.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0004629 |
| Branch | Posaliya |
| City | Sirohi |
| District | Posaliya |
| State | Rajasthan |
| Address | Posaliya |
These details are essential not only for online banking users but also for businesses and individuals who use State Bank Of India in Sirohi for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0004629 for the Posaliya 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, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including State Bank Of India located in Posaliya, Sirohi, Rajasthan, is provided with a unique IFSC like SBIN0004629 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the State Bank Of India branch in Sirohi.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Sirohi and Posaliya.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Rajasthan and the rest of India and the IFSC Code ensures that transactions meant for State Bank Of India in Posaliya do not get mixed with another location.
Format of the IFSC Code SBIN0004629
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 Posaliya in Sirohi.
For example, the IFSC Code SBIN0004629 of State Bank Of India for the Posaliya branch includes these elements, identifying the bank and the branch location in Sirohi and Rajasthan correctly.
How to Find IFSC Code for State Bank Of India?
To find the IFSC Code SBIN0004629 of State Bank Of India for its Posaliya branch located in Sirohi, 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 Sirohi and Posaliya, 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 Posaliya or Sirohi to find the exact IFSC Code SBIN0004629.
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 Sirohi will provide accurate information.
How to Use IFSC Code SBIN0004629 for Online Transfers?
Once you have the IFSC Code SBIN0004629 for the Posaliya branch of State Bank Of India in Sirohi, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SBIN0004629. 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 SBIN0004629.
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 Posaliya in Sirohi 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 Posaliya, 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 Sirohi to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Posaliya Sirohi branch is SBIN0004629.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Posaliya.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.