IFSC Code of State Bank Of India, Baragaon, Shahjahanpur, Uttar Pradesh- SBIN0004005

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 Baragaon branch in Varanasi, Shahjahanpur, Uttar 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 Varanasi or anywhere in Uttar Pradesh can easily transfer funds instantly by using the correct IFSC Code SBIN0004005. 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, Baragaon, Varanasi

Here are some of the key details that come with the IFSC Code SBIN0004005 of State Bank Of India for its branch located in Varanasi, within the district of Shahjahanpur in the state of Uttar Pradesh.

These details are important not only for users using online banking but also for businesses and individuals who use State Bank Of India in Varanasi for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SBIN0004005 for the Baragaon 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 that is provided by the Reserve Bank of India. A unique IFSC like SBIN0004005 is given to every bank branch, including State Bank Of India located in Baragaon, Varanasi, Uttar 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 Varanasi.
• 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 Varanasi and Shahjahanpur.
• 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 Uttar Pradesh and the rest of India, which is why the IFSC Code ensures that transactions meant for State Bank Of India in Baragaon doesn't end up at another location.

Format of the IFSC Code SBIN0004005

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 Baragaon in Varanasi.

For example, the IFSC Code SBIN0004005 of State Bank Of India for the Baragaon branch includes these elements, identifying the bank and the branch location in Varanasi and Uttar Pradesh accurately.

How to Find IFSC Code for State Bank Of India?

If you are trying to find the IFSC Code SBIN0004005 of State Bank Of India for its Baragaon branch located in Varanasi, 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 Varanasi and Shahjahanpur, 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 Baragaon or Varanasi to get the exact IFSC Code SBIN0004005.

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 Varanasi that will provide accurate information.

How to Use IFSC Code SBIN0004005 for Online Transfers?

Once you have the IFSC Code SBIN0004005 for the Baragaon branch of State Bank Of India in Varanasi, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code SBIN0004005. The transfer is completed in batches instead of instantly. It is useful for both 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 SBIN0004005.

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 Baragaon in Varanasi, your payment can get delayed or might not go through at all.

Finding the MICR Code

MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of State Bank Of India in Baragaon, you can find it by any of the following ways:

• Check the bottom of your cheque leaf.
• Go to the first page of your passbook.
• Visit the official State Bank Of India website.
• Search the RBI portal.

Having both IFSC and MICR codes helps account holders in Varanasi manage online transfers as well as cheque clearances with ease.