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. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of State Bank Of India for its Jagatsingpur Evening Branch branch in Jagatsingpur, Jagatsingpur, or Odisha, this guide will help you with all the details.

There have been major changes in the banking sector in India and today, the customers of State Bank Of India located in Jagatsingpur or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code SBIN0012044. 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, Jagatsingpur Evening Branch, Jagatsingpur

Here are some of the key details that come with the IFSC Code SBIN0012044 of State Bank Of India for its branch located in Jagatsingpur, within the district of Jagatsingpur in the state of Odisha.

Particulars Details
Bank State Bank Of India
IFSC Code SBIN0012044
Branch Jagatsingpur Evening Branch
City Jagatsingpur
District Jagatsingpur
State Odisha
Address Gopal Sagar,Jagatsingpur Town,Dist Jagatsingpur,Orissa754103

These details are important not only for users using online banking but also for businesses and individuals who use State Bank Of India in Jagatsingpur for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SBIN0012044 for the Jagatsingpur Evening Branch branch of State Bank Of India is vital.

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 Jagatsingpur Evening Branch, Jagatsingpur, Odisha, are given a unique IFSC like SBIN0012044 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Jagatsingpur.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents any kind of confusion between different branches of the same bank in places like Jagatsingpur and Jagatsingpur.
  • It reduces errors in fund transfers and improves accuracy.
  • It helps the sender banks to validate and confirm branch details before processing payments.

It helps ensure that any money sent to State Bank Of India in Jagatsingpur Evening Branch goes to the correct branch. This is important because State Bank Of India has thousands of branches in Odisha and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code SBIN0012044

The format of the IFSC Code for banks, including State Bank Of India, follows 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 Jagatsingpur Evening Branch in Jagatsingpur.

For example, the IFSC Code SBIN0012044 of State Bank Of India for the Jagatsingpur Evening Branch branch includes these elements, identifying the bank and the branch location in Jagatsingpur and Odisha accurately.

How to Find IFSC Code for State Bank Of India?

If you are trying to find the IFSC Code SBIN0012044 of State Bank Of India for its Jagatsingpur Evening Branch branch located in Jagatsingpur, the following methods can help:

Cheque Book

The cheque books that are issued by State Bank Of India include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.

Passbook

Most banks, including State Bank Of India branches in Jagatsingpur and Jagatsingpur, 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 find the branch locator section. Search for Jagatsingpur Evening Branch or Jagatsingpur to get the exact IFSC Code SBIN0012044.

Mobile Banking App

If you use State Bank Of India's mobile app, you can easily 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 to help you in searching for State Bank Of India and Jagatsingpur that will provide accurate information.

How to Use IFSC Code SBIN0012044 for Online Transfers?

If you have the IFSC Code SBIN0012044 for the Jagatsingpur Evening Branch branch of State Bank Of India in Jagatsingpur, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SBIN0012044. Transfers are processed in batches. 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. Asks for the recipient's account details and State Bank Of India IFSC Code SBIN0012044.

Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for State Bank Of India Jagatsingpur Evening Branch in Jagatsingpur, it 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 Jagatsingpur Evening Branch, here are some ways that 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.

If you know both IFSC and MICR codes, then it can help account holders in Jagatsingpur manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of State Bank Of India in Jagatsingpur Evening Branch, Jagatsingpur?

The IFSC Code is SBIN0012044.

Is the IFSC Code SBIN0012044 permanent?

Yes, but it can change during merging or restructuring of the bank.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and IFSC is for online transfers.

Where can I find the IFSC Code of State Bank Of India Jagatsingpur Evening Branch?

You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.

What is the full address of the Jagatsingpur Evening Branch branch?

The address of the branch is Gopal Sagar,Jagatsingpur Town,Dist Jagatsingpur,Orissa754103 located in Jagatsingpur, Jagatsingpur, Odisha.

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.