Latest details of Ifsc: Sbin0063381

STATE BANK OF INDIA

Branch name : RACC KHURDA R AND DB

Contact Information

Address: SBI KHURDA BRANCH

Contact number: 9437013193

Bank Details

IFSC Code: SBIN0063381

City: KHURDA

District: KHURDA

State: ODISHA

IFSC code can be used for RTGS, IMPS and NEFT transactions

Last six characters of IFSC Code make a Branch code.

IFSC Code

Indian Financial System Code (IFSC) is an 11-character code used for electronic payments through RTGS, NEFT, and IMPS. The code structure:

  • • First 4 characters: Bank identifier
  • • 5th character: Reserved (0)
  • • Last 6 characters: Branch code

MICR Code

MICR (Magnetic Ink Character Recognition) code is printed on cheques to facilitate automated processing. This code helps identify the bank and branch during cheque clearing processes.

These codes are essential for secure and accurate electronic fund transfers within the Indian banking system.

IFSC and MICR code sample on bank cheque