IFSC Code of State Bank Of India, Pattamundai Bazar, Pattamundai, Odisha — SBIN0016125

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 Pattamundai Bazar branch in Kendrapara, Pattamundai, 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 Kendrapara or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code SBIN0016125. 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, Pattamundai Bazar, Kendrapara

Here are the key points that are associated with the IFSC Code SBIN0016125 of State Bank Of India for its branch located in Kendrapara, within the district of Pattamundai 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 Kendrapara for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0016125 for the Pattamundai Bazar 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 Pattamundai Bazar, Kendrapara, Odisha, is provided a unique IFSC like SBIN0016125 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 Kendrapara.
• 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 Kendrapara and Pattamundai.
• 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 Pattamundai Bazar do not get misguided to another person.

Format of the IFSC Code SBIN0016125

The format of the IFSC Code for banks, including State Bank Of India, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown of this:

• First 4 characters (AAAA): Represent the bank code. For State Bank Of India, these characters are the bank's short identifier.
• 5th character (0): Always zero which is reserved for future use.
• Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Pattamundai Bazar in Kendrapara.

For example, the IFSC Code SBIN0016125 of State Bank Of India for the Pattamundai Bazar 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 looking for the IFSC Code SBIN0016125 of State Bank Of India for its Pattamundai Bazar branch located in Kendrapara, 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 Kendrapara and Pattamundai, 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 Pattamundai Bazar or Kendrapara to get the exact IFSC Code SBIN0016125.

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 Kendrapara, then it will provide you proper information.

How to Use IFSC Code SBIN0016125 for Online Transfers?

Once you have the IFSC Code SBIN0016125 for the Pattamundai Bazar branch of State Bank Of India in Kendrapara, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SBIN0016125. 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 SBIN0016125.

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 Pattamundai Bazar in Kendrapara, it can result in delayed or failed transactions.

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 Pattamundai Bazar, 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 Kendrapara manage online transfers as well as cheque clearances with ease.