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 Bedla Road Saiphan Chauraha Udaipur branch in Udaipur, Udaipur, Rajasthan, 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 Udaipur or anywhere in Rajasthan can transfer funds instantly by using the correct IFSC Code SBIN0062263. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for State Bank Of India, Bedla Road Saiphan Chauraha Udaipur, Udaipur
Here are some of the key details that come with the IFSC Code SBIN0062263 of State Bank Of India for its branch located in Udaipur, within the district of Udaipur in the state of Rajasthan.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0062263 |
| Branch | Bedla Road Saiphan Chauraha Udaipur |
| City | Udaipur |
| District | Udaipur |
| State | Rajasthan |
| Address | Plot No. 10-A Ram Square Syphon Chauraha Opp. Bus Stand Bedla Road, Saiphan Chauraha,Udaipur-313001 |
These details are crucial, not just for online banking users but also for businesses and individuals who use State Bank Of India in Udaipur for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0062263 for the Bedla Road Saiphan Chauraha Udaipur branch of State Bank Of India has 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 Bedla Road Saiphan Chauraha Udaipur, Udaipur, Rajasthan, is provided a unique IFSC like SBIN0062263 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 Udaipur.
- 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 Udaipur and Udaipur.
- 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 Rajasthan and the rest of India, the IFSC Code ensures that transactions meant for State Bank Of India in Bedla Road Saiphan Chauraha Udaipur do not get misguided to another person.
Format of the IFSC Code SBIN0062263
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 Bedla Road Saiphan Chauraha Udaipur in Udaipur.
For example, the IFSC Code SBIN0062263 of State Bank Of India for the Bedla Road Saiphan Chauraha Udaipur branch includes these elements, identifying the bank and the branch location in Udaipur and Rajasthan correctly.
How to Find IFSC Code for State Bank Of India?
If you are trying to find the IFSC Code SBIN0062263 of State Bank Of India for its Bedla Road Saiphan Chauraha Udaipur branch located in Udaipur, 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 Udaipur and Udaipur, 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 Bedla Road Saiphan Chauraha Udaipur or Udaipur to get the exact IFSC Code SBIN0062263.
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 Udaipur that will provide accurate information.
How to Use IFSC Code SBIN0062263 for Online Transfers?
If you have the IFSC Code SBIN0062263 for the Bedla Road Saiphan Chauraha Udaipur branch of State Bank Of India in Udaipur, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SBIN0062263. 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 SBIN0062263.
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 Bedla Road Saiphan Chauraha Udaipur in Udaipur, 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 Bedla Road Saiphan Chauraha Udaipur, 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 Udaipur manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Bedla Road Saiphan Chauraha Udaipur Udaipur branch is SBIN0062263.
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 Plot No. 10-A Ram Square Syphon Chauraha Opp. Bus Stand Bedla Road, Saiphan Chauraha,Udaipur-313001.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.