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 Cac Subhash Bazar Tonk 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 SBIN0062034. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for State Bank Of India, Cac Subhash Bazar Tonk, Udaipur
Below in the table are the key details related to IFSC Code SBIN0062034 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 | SBIN0062034 |
| Branch | Cac Subhash Bazar Tonk |
| City | Udaipur |
| District | Udaipur |
| State | Rajasthan |
| Address | Subhash Bazar Tonk Branch Premises Tonk -304001 |
These details are essential not only for online banking users but also for businesses and individuals who use State Bank Of India in Udaipur for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0062034 for the Cac Subhash Bazar Tonk 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 Cac Subhash Bazar Tonk, Udaipur, Rajasthan, is provided with a unique IFSC like SBIN0062034 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 Udaipur.
- 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 Udaipur and Udaipur.
- 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 Cac Subhash Bazar Tonk do not get mixed with another location.
Format of the IFSC Code SBIN0062034
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 Cac Subhash Bazar Tonk in Udaipur.
For example, the IFSC Code SBIN0062034 of State Bank Of India for the Cac Subhash Bazar Tonk 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?
To find the IFSC Code SBIN0062034 of State Bank Of India for its Cac Subhash Bazar Tonk branch located in Udaipur, 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 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 go to the branch locator section. Then search for Cac Subhash Bazar Tonk or Udaipur to find the exact IFSC Code SBIN0062034.
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 Udaipur will provide accurate information.
How to Use IFSC Code SBIN0062034 for Online Transfers?
If you have the IFSC Code SBIN0062034 for the Cac Subhash Bazar Tonk 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 SBIN0062034. 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 SBIN0062034.
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 Cac Subhash Bazar Tonk 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 Cac Subhash Bazar Tonk, 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 is SBIN0062034.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Subhash Bazar Tonk Branch Premises Tonk -304001 located in Udaipur, Udaipur, Rajasthan.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.