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 Bazar Branch, Brajarajnagar branch in Jharsuguda, Jharsuguda, 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 Jharsuguda or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code SBIN0018465. 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, Bazar Branch, Brajarajnagar, Jharsuguda

Below in the table are the key details related to IFSC Code SBIN0018465 of State Bank Of India for its branch located in Jharsuguda, within the district of Jharsuguda in the state of Odisha.

Particulars Details
Bank State Bank Of India
IFSC Code SBIN0018465
Branch Bazar Branch, Brajarajnagar
City Jharsuguda
District Jharsuguda
State Odisha
Address Krishna Bazar, Ground Floor, Brajrajnagar, Dist.Jharsuguda, Orissa-7682016

These details help users in online banking and for businesses and individuals who use State Bank Of India in Jharsuguda for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0018465 for the Bazar Branch, Brajarajnagar 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 Bazar Branch, Brajarajnagar, Jharsuguda, Odisha, are allotted a unique IFSC like SBIN0018465 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Jharsuguda.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents confusion between different branches of the same bank in places like Jharsuguda and Jharsuguda.
  • 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 Bazar Branch, Brajarajnagar reaches the right place, even though there are thousands of branches in Odisha and across India.

Format of the IFSC Code SBIN0018465

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 Bazar Branch, Brajarajnagar in Jharsuguda.

For example, the IFSC Code SBIN0018465 of State Bank Of India for the Bazar Branch, Brajarajnagar branch includes these elements, identifying the bank and the branch location in Jharsuguda and Odisha correctly.

How to Find IFSC Code for State Bank Of India?

If you are looking for the IFSC Code SBIN0018465 of State Bank Of India for its Bazar Branch, Brajarajnagar branch located in Jharsuguda, 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 Jharsuguda and Jharsuguda, 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 Bazar Branch, Brajarajnagar or Jharsuguda to get the exact IFSC Code SBIN0018465.

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 Jharsuguda, then it will provide you proper information.

How to Use IFSC Code SBIN0018465 for Online Transfers?

Once you have the IFSC Code SBIN0018465 for the Bazar Branch, Brajarajnagar branch of State Bank Of India in Jharsuguda, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SBIN0018465. 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 SBIN0018465.

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 Bazar Branch, Brajarajnagar in Jharsuguda, 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 Bazar Branch, Brajarajnagar, 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 Jharsuguda 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 in Bazar Branch, Brajarajnagar, Jharsuguda?

The IFSC Code is SBIN0018465.

Is the IFSC Code SBIN0018465 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 Bazar Branch, Brajarajnagar?

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 Bazar Branch, Brajarajnagar branch?

The address of the branch is Krishna Bazar, Ground Floor, Brajrajnagar, Dist.Jharsuguda, Orissa-7682016 located in Jharsuguda, Jharsuguda, 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.

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