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 Patnagarh Bazar branch in Bolangir, Patnagarh, 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 Bolangir or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code SBIN0013620. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for State Bank Of India, Patnagarh Bazar, Bolangir
The table below shows the main details of the IFSC Code SBIN0013620 for the State Bank Of India branch in Bolangir, which falls under the Patnagarh district in Odisha.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0013620 |
| Branch | Patnagarh Bazar |
| City | Bolangir |
| District | Patnagarh |
| State | Odisha |
| Address | College Chowk,Patnagarh, Dist. Bolangir, Orissa 767025 |
These details are essential not only for online banking users but also for businesses and individuals who use State Bank Of India in Bolangir for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0013620 for the Patnagarh Bazar branch of State Bank Of India plays an important role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including State Bank Of India located in Patnagarh Bazar, Bolangir, Odisha, is provided a unique IFSC like SBIN0013620 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the State Bank Of India branch in Bolangir.
- Helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any confusions between multiple branches of the same bank across different places like Bolangir and Patnagarh.
- It reduces most of the errors in fund transfers and makes sure its accuracy.
- It enables sender banks to validate and confirm branch details before processing payments.
For thousands of branches across Odisha and the rest of India, the IFSC Code ensures that transactions meant for State Bank Of India in Patnagarh Bazar do not get misguided to another person.
Format of the IFSC Code SBIN0013620
The format of the IFSC Code for banks, including State Bank Of India, has 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 Patnagarh Bazar in Bolangir.
For example, the IFSC Code SBIN0013620 of State Bank Of India for the Patnagarh Bazar branch includes these elements, identifying the bank and the branch location in Bolangir and Odisha correctly.
How to Find IFSC Code for State Bank Of India?
If you are looking for the IFSC Code SBIN0013620 of State Bank Of India for its Patnagarh Bazar branch located in Bolangir, the following methods can help:
Cheque Book
The cheque book that is issued by State Bank Of India includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the banks, including State Bank Of India branches in Bolangir and Patnagarh, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of State Bank Of India and look for the branch locator section, then search for Patnagarh Bazar or Bolangir to get the exact IFSC Code SBIN0013620.
Mobile Banking App
If you use State Bank Of India's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for State Bank Of India and Bolangir, then it will provide you proper information.
How to Use IFSC Code SBIN0013620 for Online Transfers?
Once you have the IFSC Code SBIN0013620 for the Patnagarh Bazar branch of State Bank Of India in Bolangir, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SBIN0013620. Transfers are processed in batches. This is suitable for 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 SBIN0013620.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for State Bank Of India Patnagarh Bazar in Bolangir may 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 Patnagarh 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 Bolangir to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is SBIN0013620.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is College Chowk,Patnagarh, Dist. Bolangir, Orissa 767025 located in Bolangir, Patnagarh, Odisha.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.