Find Branch Details by IFSC Code
Instantly get branch name, address, MICR code and other details using a valid 11-digit IFSC code.
State Bank of India, PREMNAGAR
- IFSC
- SBIN0016586
- BRANCH
- PREMNAGAR
- ADDRESS
- MAIN ROAD, PREMNAGAR, BERHAMPUR, DIST. GANJAM, ODISHA 760002
- BANKCODE
- SBIN
- MICR
- 760002019
- DISTRICT
- BERHAMPUR
- CITY
- GANJAM
- STATE
- ODISHA
Definition
What is IFSC Code
IFSC stands for Indian Financial System Code. It is a unique 11-character code assigned by the Reserve Bank of India (RBI) to identify every bank branch participating in the NEFT system in India.
The IFSC code is made up of three parts:
- The first four characters (SBIN in SBIN0016586) are the bank code, identifying State Bank of India.
- The fifth character (0 in SBIN0016586) is reserved and is typically zero, separating the bank code from the branch code.
- The last six characters (016586 in SBIN0016586) are the branch code for PREMNAGAR.
For example, SBIN0016586 is the IFSC for State Bank of India’s PREMNAGAR branch. IFSC codes are used in NEFT, RTGS, IMPS and other electronic transfers.
