There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of State Bank Of India for its Sarankul branch in Nayagargh, Sarankul, Odisha, then this comprehensive guide will provide you with detailed information.

The banking system in India has changed over time, and today the customers of State Bank Of India situated in Nayagargh or anywhere in Odisha can easily transfer funds instantly by using the correct IFSC Code SBIN0013598. You should 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, Sarankul, Nayagargh

Here are the key points that are associated with the IFSC Code SBIN0013598 of State Bank Of India for its branch located in Nayagargh, within the district of Sarankul in the state of Odisha.

Particulars Details
Bank State Bank Of India
IFSC Code SBIN0013598
Branch Sarankul
City Nayagargh
District Sarankul
State Odisha
Address Main Road,Near Ladu Baba Temple,Po Sarankul,Dist Nayagarh

These details are important not only for users using online banking but also for businesses and individuals who use State Bank Of India in Nayagargh for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SBIN0013598 for the Sarankul 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 Sarankul, Nayagargh, Odisha, are allotted a unique IFSC like SBIN0013598 to ensure that online payments reach the right destination.

The IFSC Code is important because:

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

Format of the IFSC Code SBIN0013598

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

AAAA0CCCCCC

Here's the explanation:

  • First 4 characters (AAAA): This is the bank code. For State Bank Of India, these characters are the bank's short identifier.
  • 5th character (0): This stays zero till there is any future use.
  • Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Sarankul in Nayagargh.

For example, the IFSC Code SBIN0013598 of State Bank Of India for the Sarankul branch includes these elements, identifying the bank and the branch location in Nayagargh and Odisha accurately.

How to Find IFSC Code for State Bank Of India?

If you are trying to find the IFSC Code SBIN0013598 of State Bank Of India for its Sarankul branch located in Nayagargh, 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 Nayagargh and Sarankul, 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 Sarankul or Nayagargh to get the exact IFSC Code SBIN0013598.

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 Nayagargh, you'll get the correct details.

How to Use IFSC Code SBIN0013598 for Online Transfers?

Once you have the IFSC Code SBIN0013598 for the Sarankul branch of State Bank Of India in Nayagargh, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SBIN0013598. 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 SBIN0013598.

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 Sarankul in Nayagargh may 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 Sarankul, 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 Nayagargh manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of State Bank Of India in Sarankul, Nayagargh?

The IFSC Code is SBIN0013598.

Is the IFSC Code SBIN0013598 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 Sarankul?

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 Sarankul branch?

The address of the branch is Main Road,Near Ladu Baba Temple,Po Sarankul,Dist Nayagarh located in Nayagargh, Sarankul, 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.