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 Utkarsh Small Finance Bank for its Badabarsingh branch in Sambalpur, Sambalpur, 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 Utkarsh Small Finance Bank situated in Sambalpur or anywhere in Odisha can easily transfer funds instantly by using the correct IFSC Code UTKS0001470. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Utkarsh Small Finance Bank, Badabarsingh, Sambalpur
Here are some of the key details that come with the IFSC Code UTKS0001470 of Utkarsh Small Finance Bank for its branch located in Sambalpur, within the district of Sambalpur in the state of Odisha.
| Particulars | Details |
|---|---|
| Bank | Utkarsh Small Finance Bank |
| IFSC Code | UTKS0001470 |
| Branch | Badabarsingh |
| City | Sambalpur |
| District | Sambalpur |
| State | Odisha |
| Address | Utkarsh Small Finance Banks/O Late Arakhita Behera At Badabarsingh P.O Ragadipada Ps Baramba Dist Cuttack Odisha Pin 754031 |
These details help users in online banking and for businesses and individuals who use Utkarsh Small Finance Bank in Sambalpur for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTKS0001470 for the Badabarsingh branch of Utkarsh Small Finance Bank has a very 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 Utkarsh Small Finance Bank located in Badabarsingh, Sambalpur, Odisha, are given a unique IFSC like UTKS0001470 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Sambalpur.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Sambalpur and Sambalpur.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to Utkarsh Small Finance Bank in Badabarsingh goes to the correct branch. This is important because Utkarsh Small Finance Bank has thousands of branches in Odisha and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code UTKS0001470
The format of the IFSC Code for banks, including Utkarsh Small Finance Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For Utkarsh Small Finance Bank, these letters represent the bank's short name.
- 5th character: Is always zero and is kept for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Badabarsingh in Sambalpur.
For example, the IFSC Code UTKS0001470 of Utkarsh Small Finance Bank for the Badabarsingh branch includes these elements, identifying the bank and the branch location in Sambalpur and Odisha accurately.
How to Find IFSC Code for Utkarsh Small Finance Bank?
To find the IFSC Code UTKS0001470 of Utkarsh Small Finance Bank for its Badabarsingh branch located in Sambalpur, the following methods can help you out:
Cheque Book
The cheque book issued by Utkarsh Small Finance Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Utkarsh Small Finance Bank branches in Sambalpur and Sambalpur, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Utkarsh Small Finance Bank and go to the branch locator section. Then search for Badabarsingh or Sambalpur to find the exact IFSC Code UTKS0001470.
Mobile Banking App
If you use Utkarsh Small Finance Bank'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 Utkarsh Small Finance Bank and Sambalpur will provide accurate information.
How to Use IFSC Code UTKS0001470 for Online Transfers?
Once you have the IFSC Code UTKS0001470 for the Badabarsingh branch of Utkarsh Small Finance Bank in Sambalpur, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTKS0001470. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and Utkarsh Small Finance Bank IFSC Code UTKS0001470.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Utkarsh Small Finance Bank Badabarsingh in Sambalpur, it can 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 Utkarsh Small Finance Bank in Badabarsingh, 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 Utkarsh Small Finance Bank website.
- Search the RBI portal.
Knowing both IFSC and MICR code can help account holders in Sambalpur manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is UTKS0001470.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Utkarsh Small Finance Banks/O Late Arakhita Behera At Badabarsingh P.O Ragadipada Ps Baramba Dist Cuttack Odisha Pin 754031 located in Sambalpur, Sambalpur, Odisha.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.