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 Tuljapur branch in Tuljapur, Tuljapur, Maharashtra, 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 Tuljapur or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SBIN0062900. 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 Tuljapur, Tuljapur

Below in the table are the key details related to IFSC Code SBIN0062900 of State Bank Of India for its branch located in Tuljapur, within the district of Tuljapur in the state of Maharashtra.

Particulars Details
Bank State Bank Of India
IFSC Code SBIN0062900
Branch Fimm Racc Tuljapur
City Tuljapur
District Tuljapur
State Maharashtra
Address At Sbi Fimm Racc Tuljapur Naldurg Road Tuljapur Dist Osmanabad 413601

These details are important not only for users using online banking but also for businesses and individuals who use State Bank Of India in Tuljapur for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SBIN0062900 for the Fimm Racc Tuljapur branch of State Bank Of India is vital.

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, along with State Bank Of India located in Fimm Racc Tuljapur, Tuljapur, Maharashtra, are allotted a unique IFSC like SBIN0062900 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Tuljapur.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents confusion between different branches of the same bank in places like Tuljapur and Tuljapur.
  • It reduces errors in fund transfers and improves accuracy.
  • It helps the sender banks to validate and confirm branch details before processing payments.

It makes sure that money sent to State Bank Of India in Fimm Racc Tuljapur reaches the right place, even though there are thousands of branches in Maharashtra and across India.

Format of the IFSC Code SBIN0062900

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 Tuljapur in Tuljapur.

For example, the IFSC Code SBIN0062900 of State Bank Of India for the Fimm Racc Tuljapur branch includes these elements, identifying the bank and the branch location in Tuljapur and Maharashtra accurately.

How to Find IFSC Code for State Bank Of India?

If you are trying to find the IFSC Code SBIN0062900 of State Bank Of India for its Fimm Racc Tuljapur branch located in Tuljapur, 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 Tuljapur and Tuljapur, 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 Tuljapur or Tuljapur to get the exact IFSC Code SBIN0062900.

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 Tuljapur that will provide accurate information.

How to Use IFSC Code SBIN0062900 for Online Transfers?

Once you have the IFSC Code SBIN0062900 for the Fimm Racc Tuljapur branch of State Bank Of India in Tuljapur, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code SBIN0062900. The transfer is completed in batches. It is useful for both personal and business payments.

RTGS

Used for payments over ₹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 SBIN0062900.

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 Fimm Racc Tuljapur in Tuljapur, your payment can get delayed or might not go through at all.

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 Tuljapur, 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 Tuljapur manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of State Bank Of India in Fimm Racc Tuljapur, Tuljapur?

The IFSC Code is SBIN0062900.

Is the IFSC Code SBIN0062900 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 Fimm Racc Tuljapur?

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 Fimm Racc Tuljapur branch?

The address of the branch is At Sbi Fimm Racc Tuljapur Naldurg Road Tuljapur Dist Osmanabad 413601 located in Tuljapur, Tuljapur, Maharashtra.

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.