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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of State Bank Of India for its Bausuni branch in Boudh, Boudh, Odisha, then this guide will give you detailed information.
The banking system has evolved significantly in India, and today the customers of State Bank Of India located in Boudh or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code SBIN0006122. 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, Bausuni, Boudh
Below in the table are the key details related to IFSC Code SBIN0006122 of State Bank Of India for its branch located in Boudh, within the district of Boudh in the state of Odisha.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0006122 |
| Branch | Bausuni |
| City | Boudh |
| District | Boudh |
| State | Odisha |
| Address | Dist Boudh,Orissa 762014 |
These details are important not only for users using online banking but also for businesses and individuals who use State Bank Of India in Boudh for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SBIN0006122 for the Bausuni branch of State Bank Of India is vital.
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 Bausuni, Boudh, Odisha, is provided a unique IFSC like SBIN0006122 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 Boudh.
- 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 Boudh and Boudh.
- 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 Bausuni do not get misguided to another person.
Format of the IFSC Code SBIN0006122
The format of the IFSC Code for banks, including State Bank Of India, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For State Bank Of India, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Bausuni in Boudh.
For example, the IFSC Code SBIN0006122 of State Bank Of India for the Bausuni branch includes these elements, identifying the bank and the branch location in Boudh and Odisha accurately.
How to Find IFSC Code for State Bank Of India?
If you are trying to find the IFSC Code SBIN0006122 of State Bank Of India for its Bausuni branch located in Boudh, 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 Boudh and Boudh, 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 Bausuni or Boudh to get the exact IFSC Code SBIN0006122.
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 Boudh, you'll get the correct details.
How to Use IFSC Code SBIN0006122 for Online Transfers?
Once you have the IFSC Code SBIN0006122 for the Bausuni branch of State Bank Of India in Boudh, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SBIN0006122. 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 SBIN0006122.
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 Bausuni in Boudh may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of State Bank Of India in Bausuni, here are some of the ways 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.
Knowing both IFSC and MICR code can help account holders in Boudh manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is SBIN0006122.
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 Dist Boudh,Orissa 762014 located in Boudh, Boudh, Odisha.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.