IFSC Code of State Bank Of India, Shyamakhunta, Shyamakhunta, Odisha — SBIN0005564

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 Shyamakhunta branch in Mayurbhanj, Shyamakhunta, 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 Mayurbhanj or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code SBIN0005564. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for State Bank Of India, Shyamakhunta, Mayurbhanj

Below in the table are the key details related to IFSC Code SBIN0005564 of State Bank Of India for its branch located in Mayurbhanj, within the district of Shyamakhunta 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 Mayurbhanj for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0005564 for the Shyamakhunta 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 Shyamakhunta, Mayurbhanj, Odisha, are allotted a unique IFSC like SBIN0005564 to ensure that online payments reach the right destination.

The IFSC Code is important because:

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

Format of the IFSC Code SBIN0005564

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 Shyamakhunta in Mayurbhanj.

For example, the IFSC Code SBIN0005564 of State Bank Of India for the Shyamakhunta branch includes these elements, identifying the bank and the branch location in Mayurbhanj and Odisha accurately.

How to Find IFSC Code for State Bank Of India?

To find the IFSC Code SBIN0005564 of State Bank Of India for its Shyamakhunta branch located in Mayurbhanj, the following methods can help you out:

Cheque Book

The cheque book issued by State Bank Of India includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.

Passbook

Most banks, including State Bank Of India branches in Mayurbhanj and Shyamakhunta, 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 go to the branch locator section. Then search for Shyamakhunta or Mayurbhanj to find the exact IFSC Code SBIN0005564.

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 maintains an updated database of all IFSC codes. Searching for State Bank Of India and Mayurbhanj will provide accurate information.

How to Use IFSC Code SBIN0005564 for Online Transfers?

Once you have the IFSC Code SBIN0005564 for the Shyamakhunta branch of State Bank Of India in Mayurbhanj, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SBIN0005564. Transfers are processed in batches. This is suitable for 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 SBIN0005564.

Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for State Bank Of India Shyamakhunta in Mayurbhanj may 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 Shyamakhunta, 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 Mayurbhanj to handle online money transfers and get their cheques cleared smoothly.