Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of State Bank Of India for its Fimm Racc Wanaparthy branch in Wanaparthy, Wanaparthy, or Telangana, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the customers of State Bank Of India located in Wanaparthy or anywhere in Telangana can transfer funds instantly by using the correct IFSC Code SBIN0062524. You should definitely 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, Fimm Racc Wanaparthy, Wanaparthy
Below in the table are the key details related to IFSC Code SBIN0062524 of State Bank Of India for its branch located in Wanaparthy, within the district of Wanaparthy in the state of Telangana.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0062524 |
| Branch | Fimm Racc Wanaparthy |
| City | Wanaparthy |
| District | Wanaparthy |
| State | Telangana |
| Address | Vallabhnagar, Near Rajiv Chowk, Wanaparthy 509103 |
These details help users in online banking and for businesses and individuals who use State Bank Of India in Wanaparthy for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0062524 for the Fimm Racc Wanaparthy branch of State Bank Of India has a very 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, along with State Bank Of India located in Fimm Racc Wanaparthy, Wanaparthy, Telangana, are allotted a unique IFSC like SBIN0062524 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Wanaparthy.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Wanaparthy and Wanaparthy.
- 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 Wanaparthy reaches the right place, even though there are thousands of branches in Telangana and across India.
Format of the IFSC Code SBIN0062524
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 Fimm Racc Wanaparthy in Wanaparthy.
For example, the IFSC Code SBIN0062524 of State Bank Of India for the Fimm Racc Wanaparthy branch includes these elements, identifying the bank and the branch location in Wanaparthy and Telangana accurately.
How to Find IFSC Code for State Bank Of India?
If you are trying to find the IFSC Code SBIN0062524 of State Bank Of India for its Fimm Racc Wanaparthy branch located in Wanaparthy, the following methods can help:
Cheque Book
The cheque book issued by State Bank Of India includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
Most banks, including State Bank Of India branches in Wanaparthy and Wanaparthy, print the IFSC and MICR codes on the first page of your passbook.
Bank Website
Visit the official website of State Bank Of India and navigate to the branch locator section. Search for Fimm Racc Wanaparthy or Wanaparthy to get the exact IFSC Code SBIN0062524.
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 keeps an updated list of all IFSC codes. If you search for State Bank Of India and Wanaparthy, you'll get the correct details.
How to Use IFSC Code SBIN0062524 for Online Transfers?
Once you have the IFSC Code SBIN0062524 for the Fimm Racc Wanaparthy branch of State Bank Of India in Wanaparthy, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SBIN0062524. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and State Bank Of India IFSC Code SBIN0062524.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for State Bank Of India Fimm Racc Wanaparthy in Wanaparthy, it can 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 Fimm Racc Wanaparthy, 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 Wanaparthy manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is SBIN0062524.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Vallabhnagar, Near Rajiv Chowk, Wanaparthy 509103 located in Wanaparthy, Wanaparthy, Telangana.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.