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 Hanumantapur branch in Rayagada, Hanumantapur, 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 Rayagada or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code SBIN0009668. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for State Bank Of India, Hanumantapur, Rayagada

Below in the table are the key details related to IFSC Code SBIN0009668 of State Bank Of India for its branch located in Rayagada, within the district of Hanumantapur in the state of Odisha.

Particulars Details
Bank State Bank Of India
IFSC Code SBIN0009668
Branch Hanumantapur
City Rayagada
District Hanumantapur
State Odisha
Address Dist Rayagada,Orissa 765020

These details are essential not only for online banking users but also for businesses and individuals who use State Bank Of India in Rayagada for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0009668 for the Hanumantapur 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 Hanumantapur, Rayagada, Odisha, is provided a unique IFSC like SBIN0009668 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 Rayagada.
  • 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 Rayagada and Hanumantapur.
  • 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 Hanumantapur do not get misguided to another person.

Format of the IFSC Code SBIN0009668

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 Hanumantapur in Rayagada.

For example, the IFSC Code SBIN0009668 of State Bank Of India for the Hanumantapur branch includes these elements, identifying the bank and the branch location in Rayagada and Odisha accurately.

How to Find IFSC Code for State Bank Of India?

To find the IFSC Code SBIN0009668 of State Bank Of India for its Hanumantapur branch located in Rayagada, 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 Rayagada and Hanumantapur, 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 Hanumantapur or Rayagada to find the exact IFSC Code SBIN0009668.

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 Rayagada will provide accurate information.

How to Use IFSC Code SBIN0009668 for Online Transfers?

If you have the IFSC Code SBIN0009668 for the Hanumantapur branch of State Bank Of India in Rayagada, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SBIN0009668. Transfers are processed in batches. 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. Asks for the recipient's account details and State Bank Of India IFSC Code SBIN0009668.

Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for State Bank Of India Hanumantapur in Rayagada, it 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 Hanumantapur, 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 Rayagada 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 Hanumantapur, Rayagada?

The IFSC Code is SBIN0009668.

Is the IFSC Code SBIN0009668 permanent?

Yes, but it can change during merging or restructuring of the bank.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and IFSC is for online transfers.

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

You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.

What is the full address of the Hanumantapur branch?

The address of the branch is Dist Rayagada,Orissa 765020 located in Rayagada, Hanumantapur, 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.