IFSC Code of State Bank Of India, Bazar Branch, Kendrapada, Kendrapara, Odisha- SBIN0010241

For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of State Bank Of India for its Bazar Branch, Kendrapada branch in Kendrapara, Kendrapara, Odisha, this comprehensive guide will provide you with detailed information.

The banking system in India has changed significantly over the years, and today customers of State Bank Of India located in Kendrapara or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code SBIN0010241. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for State Bank Of India, Bazar Branch, Kendrapada, Kendrapara

Here are some of the key details that come with the IFSC Code SBIN0010241 of State Bank Of India for its branch located in Kendrapara, within the district of Kendrapara in the state of Odisha.

These details are important not only for users using online banking but also for businesses and individuals who use State Bank Of India in Kendrapara for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SBIN0010241 for the Bazar Branch, Kendrapada 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 Bazar Branch, Kendrapada, Kendrapara, Odisha, are allotted a unique IFSC like SBIN0010241 to ensure that online payments reach the right destination.

The IFSC Code is important because:

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

Format of the IFSC Code SBIN0010241

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 Bazar Branch, Kendrapada in Kendrapara.

For example, the IFSC Code SBIN0010241 of State Bank Of India for the Bazar Branch, Kendrapada branch includes these elements, identifying the bank and the branch location in Kendrapara and Odisha accurately.

How to Find IFSC Code for State Bank Of India?

If you are trying to find the IFSC Code SBIN0010241 of State Bank Of India for its Bazar Branch, Kendrapada branch located in Kendrapara, 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

You can easily find the IFSC and MICR codes because most banks, including State Bank Of India branches in Kendrapara and Kendrapara, print them 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 Bazar Branch, Kendrapada or Kendrapara to get the exact IFSC Code SBIN0010241.

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 Kendrapara, you'll get the correct details.

How to Use IFSC Code SBIN0010241 for Online Transfers?

Once you have the IFSC Code SBIN0010241 for the Bazar Branch, Kendrapada branch of State Bank Of India in Kendrapara, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code SBIN0010241. 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 SBIN0010241.

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 Bazar Branch, Kendrapada in Kendrapara, your payment can get delayed or might not go through at all.

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, Kendrapada, 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 Kendrapara to handle online money transfers and get their cheques cleared smoothly.