Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of State Bank Of India for its Racc Salepur Fimm branch in Salepur, Salepur, or Odisha, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the customers of State Bank Of India located in Salepur or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code SBIN0063386. You should definitely 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, Racc Salepur Fimm, Salepur
The table below shows the main details of the IFSC Code SBIN0063386 for the State Bank Of India branch in Salepur, which falls under the Salepur district in Odisha.
| Particulars | Details |
|---|---|
| Bank | State Bank Of India |
| IFSC Code | SBIN0063386 |
| Branch | Racc Salepur Fimm |
| City | Salepur |
| District | Salepur |
| State | Odisha |
| Address | Sbi Salepur Branch Premises Building |
These details are important not only for users using online banking but also for businesses and individuals who use State Bank Of India in Salepur for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SBIN0063386 for the Racc Salepur Fimm 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 Racc Salepur Fimm, Salepur, Odisha, are allotted a unique IFSC like SBIN0063386 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Salepur.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Salepur and Salepur.
- 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 Racc Salepur Fimm reaches the right place, even though there are thousands of branches in Odisha and across India.
Format of the IFSC Code SBIN0063386
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 Racc Salepur Fimm in Salepur.
For example, the IFSC Code SBIN0063386 of State Bank Of India for the Racc Salepur Fimm branch includes these elements, identifying the bank and the branch location in Salepur and Odisha accurately.
How to Find IFSC Code for State Bank Of India?
If you are trying to find the IFSC Code SBIN0063386 of State Bank Of India for its Racc Salepur Fimm branch located in Salepur, 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 Salepur and Salepur, 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 Racc Salepur Fimm or Salepur to get the exact IFSC Code SBIN0063386.
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 Salepur, you'll get the correct details.
How to Use IFSC Code SBIN0063386 for Online Transfers?
If you have the IFSC Code SBIN0063386 for the Racc Salepur Fimm branch of State Bank Of India in Salepur, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SBIN0063386. 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 SBIN0063386.
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 Racc Salepur Fimm in Salepur, 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 Racc Salepur Fimm, here are some ways that 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.
If you know both IFSC and MICR codes, then it can help account holders in Salepur manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Racc Salepur Fimm Salepur branch is SBIN0063386.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Sbi Salepur Branch Premises Building.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.