IFSC Code of State Bank Of India, Komatalapeta Branch, Rayagada, Odisha- SBIN0017978

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 Komatalapeta Branch branch in Rayagada, Rayagada, 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 Rayagada or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code SBIN0017978. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for State Bank Of India, Komatalapeta Branch, Rayagada

The table below shows the main details of the IFSC Code SBIN0017978 for the State Bank Of India branch in Rayagada, which falls under the Rayagada district in Odisha.

These details are crucial, not just for online banking users but also for businesses and individuals who use State Bank Of India in Rayagada for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0017978 for the Komatalapeta Branch branch of State Bank Of India has 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 Komatalapeta Branch, Rayagada, Odisha, is provided a unique IFSC like SBIN0017978 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 Rayagada.
• 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 Komatalapeta Branch do not get misguided to another person.

Format of the IFSC Code SBIN0017978

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 Komatalapeta Branch in Rayagada.

For example, the IFSC Code SBIN0017978 of State Bank Of India for the Komatalapeta Branch 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 SBIN0017978 of State Bank Of India for its Komatalapeta Branch 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 Rayagada, 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 Komatalapeta Branch or Rayagada to find the exact IFSC Code SBIN0017978.

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 SBIN0017978 for Online Transfers?

Once you have the IFSC Code SBIN0017978 for the Komatalapeta Branch branch of State Bank Of India in Rayagada, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code SBIN0017978. The transfer is completed in batches instead of instantly. It is useful for both 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 SBIN0017978.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the State Bank Of India Komatalapeta Branch in Rayagada, your payment can get delayed or might not go through at all.

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 Komatalapeta Branch, 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.