State Bank of India
NAWADA DIST HAZARIBAG BRANCH
+919771458735
Understanding IFSC Code: The Digital DNA of State Bank of India
When performing any digital transaction in India, the Indian Financial System Code
(IFSC) acts as a critical identifier. For the NAWADA DIST HAZARIBAG
branch of State Bank of India, the code SBIN0017129 ensures
that your funds are routed through the Reserve Bank of India's (RBI) structured network without manual
errors. In an era of instant payments, having the correct IFSC is as important as the account number
itself.
Anatomy of the SBIN0017129 Code
An IFSC is an 11-character alphanumeric code. Let's break down the logic behind the code for this specific branch:
Bank Identity
"SBIN" represents State Bank of India
Control Character
Always '0' (Reserved for future use)
Branch Locator
Unique code for NAWADA DIST HAZARIBAG
Payment Systems Supported by SBIN0017129
| System | Transfer Limit | Processing Time |
|---|---|---|
| NEFT | No Minimum (Up to ₹50 Lakhs+) | Half-hourly batches (24x7) |
| RTGS | Minimum ₹2 Lakhs | Real-time settlement |
| IMPS | Up to ₹5 Lakhs | Instant (Mobile/P2P) |
Why do you need the MICR Code?
While IFSC is for digital transfers, the Magnetic Ink Character Recognition
(MICR) code—825002535—is primarily
used for the processing and clearance of physical cheques. This 9-digit code helps in
identifying the bank and branch during the Cheque Truncation System (CTS) cycle, making clearing
faster and error-free.
Bank Holidays & Availability
The State Bank of India in NAWADA typically follows the RBI holiday calendar. Digital transfers via SBIN0017129 for NEFT/RTGS are now available 365 days a year, regardless of physical branch timings or Sunday closures.
Security Warning & Verification
Always verify the branch details before making a large payment. While SBIN0017129 is the valid code for NAWADA DIST HAZARIBAG at NAWADA, ensure the beneficiary name matches perfectly in your mobile banking app.
Bank Search Indexing & Metadata
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Branch Context
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Platform Links
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