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 Raja Ka Darwaja branch in Varanasi, Varanasi, Uttar Pradesh, 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 Varanasi or anywhere in Uttar Pradesh can transfer funds instantly by using the correct IFSC Code SBIN0002598. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for State Bank Of India, Raja Ka Darwaja, Varanasi
Here are the key points that are associated with the IFSC Code SBIN0002598 of State Bank Of India for its branch located in Varanasi, within the district of Varanasi in the state of Uttar Pradesh.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0002598 |
| Branch | Raja Ka Darwaja |
| City | Varanasi |
| District | Varanasi |
| State | Uttar Pradesh |
| Address | Raja-Ka Darwaja, Varanasi, Up |
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 SBIN0002598 for the Raja Ka Darwaja 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, including State Bank Of India located in Raja Ka Darwaja, Varanasi, Uttar Pradesh, is provided with a unique IFSC like SBIN0002598 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 Varanasi.
- 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 Varanasi and Varanasi.
- 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 Uttar Pradesh and the rest of India and the IFSC Code ensures that transactions meant for State Bank Of India in Raja Ka Darwaja do not get mixed with another location.
Format of the IFSC Code SBIN0002598
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 Raja Ka Darwaja in Varanasi.
For example, the IFSC Code SBIN0002598 of State Bank Of India for the Raja Ka Darwaja 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?
To find the IFSC Code SBIN0002598 of State Bank Of India for its Raja Ka Darwaja branch located in Varanasi, 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 Varanasi and Varanasi, 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 Raja Ka Darwaja or Varanasi to find the exact IFSC Code SBIN0002598.
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 Varanasi will provide accurate information.
How to Use IFSC Code SBIN0002598 for Online Transfers?
Once you have the IFSC Code SBIN0002598 for the Raja Ka Darwaja 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 SBIN0002598. 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 SBIN0002598.
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 Raja Ka Darwaja in Varanasi, your payment can get delayed or might not go through at all.
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 Raja Ka Darwaja, 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 Varanasi to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is SBIN0002598.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Raja-Ka Darwaja, Varanasi, Up located in Varanasi, Varanasi, Uttar Pradesh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.