IFSC Code of State Bank Of India, Racc Jharsuguda R And Db, Jharsuguda, Odisha — SBIN0063394

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 Racc Jharsuguda R And Db branch in Jharsuguda, Jharsuguda, 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 Jharsuguda or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code SBIN0063394. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for State Bank Of India, Racc Jharsuguda R And Db, Jharsuguda

Here are the key points that are associated with the IFSC Code SBIN0063394 of State Bank Of India for its branch located in Jharsuguda, within the district of Jharsuguda in the state of Odisha.

These details are essential not only for online banking users but also for businesses and individuals who use State Bank Of India in Jharsuguda for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0063394 for the Racc Jharsuguda R And Db 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 Racc Jharsuguda R And Db, Jharsuguda, Odisha, is provided a unique IFSC like SBIN0063394 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 Jharsuguda.
• 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 Jharsuguda and Jharsuguda.
• 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 Racc Jharsuguda R And Db do not get misguided to another person.

Format of the IFSC Code SBIN0063394

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 Racc Jharsuguda R And Db in Jharsuguda.

For example, the IFSC Code SBIN0063394 of State Bank Of India for the Racc Jharsuguda R And Db branch includes these elements, identifying the bank and the branch location in Jharsuguda and Odisha accurately.

How to Find IFSC Code for State Bank Of India?

If you are looking for the IFSC Code SBIN0063394 of State Bank Of India for its Racc Jharsuguda R And Db 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 Racc Jharsuguda R And Db or Jharsuguda to get the exact IFSC Code SBIN0063394.

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 SBIN0063394 for Online Transfers?

Once you have the IFSC Code SBIN0063394 for the Racc Jharsuguda R And Db branch of State Bank Of India in Jharsuguda, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code SBIN0063394. The transfer is completed in batches instead of instantly. It is useful for both 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 SBIN0063394.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the State Bank Of India Racc Jharsuguda R And Db in Jharsuguda, your payment can get delayed or might not go through at all.

Finding the MICR Code

MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of State Bank Of India in Racc Jharsuguda R And Db, you can find it by any of the following ways:

• Check the bottom of your cheque leaf.
• Go to the first page of your passbook.
• Visit the official State Bank Of India website.
• Search the RBI portal.

Having both IFSC and MICR codes helps account holders in Jharsuguda manage online transfers as well as cheque clearances with ease.