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 Jagmohanpur branch in Keonjhar, Jagmohanpur, 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 Keonjhar or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code SBIN0008979. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for State Bank Of India, Jagmohanpur, Keonjhar

Here are the main details that are associated with the IFSC Code SBIN0008979 of State Bank Of India for its branch located in Keonjhar, within the district of Jagmohanpur in the state of Odisha.

Particulars Details
Bank State Bank Of India
IFSC Code SBIN0008979
Branch Jagmohanpur
City Keonjhar
District Jagmohanpur
State Odisha
Address Dist Keonjhar,Orissa 758019

These details helps users in online banking and for businesses and individuals who use State Bank Of India in Keonjhar for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0008979 for the Jagmohanpur branch of State Bank Of India plays a vital role.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like SBIN0008979 is given to every bank branch, including State Bank Of India located in Jagmohanpur, Keonjhar, Odisha, to make sure that online payments reach the right place.

The IFSC Code is important because:

  • It uniquely identifies the State Bank Of India branch in Keonjhar.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any kind of confusion between multiple branches of the same bank across different places like Keonjhar and Jagmohanpur.
  • It removes errors in fund transfers and improves accuracy.
  • It lets the sender banks validate and confirm branch details before they process the payments.

There are thousands of branches across Odisha and the rest of India, which is why the IFSC Code ensures that transactions meant for State Bank Of India in Jagmohanpur doesn't end up at another location.

Format of the IFSC Code SBIN0008979

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 Jagmohanpur in Keonjhar.

For example, the IFSC Code SBIN0008979 of State Bank Of India for the Jagmohanpur 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 SBIN0008979 of State Bank Of India for its Jagmohanpur branch located in Keonjhar, 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 Keonjhar and Jagmohanpur, 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 Jagmohanpur or Keonjhar to get the exact IFSC Code SBIN0008979.

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 Keonjhar, you'll get the correct details.

How to Use IFSC Code SBIN0008979 for Online Transfers?

Once you have the IFSC Code SBIN0008979 for the Jagmohanpur 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 SBIN0008979. 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 SBIN0008979.

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 Jagmohanpur in Keonjhar, 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 Jagmohanpur, 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 Keonjhar 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 Jagmohanpur, Keonjhar?

The IFSC Code is SBIN0008979.

Is the IFSC Code SBIN0008979 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of State Bank Of India Jagmohanpur?

You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Jagmohanpur branch?

The address of the branch is Dist Keonjhar,Orissa 758019 located in Keonjhar, Jagmohanpur, 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.