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 Bileipada branch in Keonjhar, Bileipada, 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 Keonjhar or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code SBIN0010926. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for State Bank Of India, Bileipada, Keonjhar
Below in the table are the key details related to IFSC Code SBIN0010926 of State Bank Of India for its branch located in Keonjhar, within the district of Bileipada in the state of Odisha.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0010926 |
| Branch | Bileipada |
| City | Keonjhar |
| District | Bileipada |
| State | Odisha |
| Address | At Bileipada,Po Boneikalakeonjhar 758 038 |
These details are essential not only for online banking users but also for businesses and individuals who use State Bank Of India in Keonjhar for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0010926 for the Bileipada 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, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with State Bank Of India located in Bileipada, Keonjhar, Odisha, are given a unique IFSC like SBIN0010926 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Keonjhar.
- 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 Keonjhar and Bileipada.
- 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 Bileipada 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 SBIN0010926
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 Bileipada in Keonjhar.
For example, the IFSC Code SBIN0010926 of State Bank Of India for the Bileipada branch includes these elements, identifying the bank and the branch location in Keonjhar and Odisha accurately.
How to Find IFSC Code for State Bank Of India?
If you are trying to find the IFSC Code SBIN0010926 of State Bank Of India for its Bileipada branch located in Keonjhar, 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 Keonjhar and Bileipada, 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 Bileipada or Keonjhar to get the exact IFSC Code SBIN0010926.
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 Keonjhar that will provide accurate information.
How to Use IFSC Code SBIN0010926 for Online Transfers?
Once you have the IFSC Code SBIN0010926 for the Bileipada branch of State Bank Of India in Keonjhar, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SBIN0010926. 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 SBIN0010926.
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 Bileipada in Keonjhar, it can result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of State Bank Of India in Bileipada, here are some of the ways 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.
Knowing both IFSC and MICR code can help account holders in Keonjhar manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code of the Bileipada Keonjhar branch is SBIN0010926.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at At Bileipada,Po Boneikalakeonjhar 758 038.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.