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 Purushottampur branch in Ganjam, Purushottompur, 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 Ganjam or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code SBIN0003088. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for State Bank Of India, Purushottampur, Ganjam

Below in the table are the key details related to IFSC Code SBIN0003088 of State Bank Of India for its branch located in Ganjam, within the district of Purushottompur in the state of Odisha.

Particulars Details
Bank State Bank Of India
IFSC Code SBIN0003088
Branch Purushottampur
City Ganjam
District Purushottompur
State Odisha
Address Distganjam Orissa 761018

These details are important not only for users using online banking but also for businesses and individuals who use State Bank Of India in Ganjam for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SBIN0003088 for the Purushottampur 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 Purushottampur, Ganjam, Odisha, is provided a unique IFSC like SBIN0003088 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 Ganjam.
  • 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 Ganjam and Purushottompur.
  • 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 Purushottampur do not get misguided to another person.

Format of the IFSC Code SBIN0003088

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 Purushottampur in Ganjam.

For example, the IFSC Code SBIN0003088 of State Bank Of India for the Purushottampur branch includes these elements, identifying the bank and the branch location in Ganjam and Odisha correctly.

How to Find IFSC Code for State Bank Of India?

To find the IFSC Code SBIN0003088 of State Bank Of India for its Purushottampur branch located in Ganjam, 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 Ganjam and Purushottompur, 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 Purushottampur or Ganjam to find the exact IFSC Code SBIN0003088.

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 Ganjam will provide accurate information.

How to Use IFSC Code SBIN0003088 for Online Transfers?

Once you have the IFSC Code SBIN0003088 for the Purushottampur branch of State Bank Of India in Ganjam, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SBIN0003088. 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 SBIN0003088.

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 Purushottampur in Ganjam, 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 Purushottampur, 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 Ganjam to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of State Bank Of India Purushottampur Ganjam?

The IFSC Code of the Purushottampur Ganjam branch is SBIN0003088.

Is IFSC Code SBIN0003088 permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the State Bank Of India Purushottampur branch?

The branch is located at Distganjam Orissa 761018.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.