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 Subathu branch in Solan, Sabathu, Himachal Pradesh, 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 Solan or anywhere in Himachal Pradesh can easily transfer funds instantly by using the correct IFSC Code SBIN0002466. 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, Subathu, Solan

Here are the key points that are associated with the IFSC Code SBIN0002466 of State Bank Of India for its branch located in Solan, within the district of Sabathu in the state of Himachal Pradesh.

Particulars Details
Bank State Bank Of India
IFSC Code SBIN0002466
Branch Subathu
City Solan
District Sabathu
State Himachal Pradesh
Address Distsolan Himachal Pradesh 173206

These details help users in online banking and for businesses and individuals who use State Bank Of India in Solan for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0002466 for the Subathu 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, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like SBIN0002466 is given to every bank branch, including State Bank Of India located in Subathu, Solan, Himachal Pradesh, 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 Solan.
  • 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 Solan and Sabathu.
  • 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 Himachal Pradesh and the rest of India, which is why the IFSC Code ensures that transactions meant for State Bank Of India in Subathu doesn't end up at another location.

Format of the IFSC Code SBIN0002466

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): 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 Subathu in Solan.

For example, the IFSC Code SBIN0002466 of State Bank Of India for the Subathu branch includes these elements, identifying the bank and the branch location in Solan and Himachal Pradesh accurately.

How to Find IFSC Code for State Bank Of India?

If you are trying to find the IFSC Code SBIN0002466 of State Bank Of India for its Subathu branch located in Solan, 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 Solan and Sabathu, 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 Subathu or Solan to get the exact IFSC Code SBIN0002466.

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 Solan that will provide accurate information.

How to Use IFSC Code SBIN0002466 for Online Transfers?

Once you have the IFSC Code SBIN0002466 for the Subathu branch of State Bank Of India in Solan, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SBIN0002466. 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 SBIN0002466.

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 Subathu in Solan 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 Subathu, 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 Solan 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 Subathu, Solan?

The IFSC Code is SBIN0002466.

Is the IFSC Code SBIN0002466 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 Subathu?

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 Subathu branch?

The address of the branch is Distsolan Himachal Pradesh 173206 located in Solan, Sabathu, Himachal Pradesh.

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.