The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of State Bank Of India for its Ranga Bazar branch in Bhubaneswar, Bhubaneswar, Odisha, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of State Bank Of India located in Bhubaneswar or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code SBIN0061698. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for State Bank Of India, Ranga Bazar, Bhubaneswar
Here are the main details that are associated with the IFSC Code SBIN0061698 of State Bank Of India for its branch located in Bhubaneswar, within the district of Bhubaneswar in the state of Odisha.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0061698 |
| Branch | Ranga Bazar |
| City | Bhubaneswar |
| District | Bhubaneswar |
| State | Odisha |
| Address | Ranga Bazar,Bhubaneswar-752100 |
These details help users in online banking and for businesses and individuals who use State Bank Of India in Bhubaneswar for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0061698 for the Ranga Bazar 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 Ranga Bazar, Bhubaneswar, Odisha, are allotted a unique IFSC like SBIN0061698 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Bhubaneswar.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Bhubaneswar and Bhubaneswar.
- 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 Ranga Bazar reaches the right place, even though there are thousands of branches in Odisha and across India.
Format of the IFSC Code SBIN0061698
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 Ranga Bazar in Bhubaneswar.
For example, the IFSC Code SBIN0061698 of State Bank Of India for the Ranga Bazar branch includes these elements, identifying the bank and the branch location in Bhubaneswar and Odisha accurately.
How to Find IFSC Code for State Bank Of India?
To find the IFSC Code SBIN0061698 of State Bank Of India for its Ranga Bazar branch located in Bhubaneswar, 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 Bhubaneswar and Bhubaneswar, 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 Ranga Bazar or Bhubaneswar to find the exact IFSC Code SBIN0061698.
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 Bhubaneswar will provide accurate information.
How to Use IFSC Code SBIN0061698 for Online Transfers?
Once you have the IFSC Code SBIN0061698 for the Ranga Bazar branch of State Bank Of India in Bhubaneswar, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code SBIN0061698. 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 SBIN0061698.
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 Ranga Bazar in Bhubaneswar, 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 Ranga Bazar, 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 Bhubaneswar to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Ranga Bazar Bhubaneswar branch is SBIN0061698.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Ranga Bazar,Bhubaneswar-752100.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.