IFSC Code of State Bank of India, PREMNAGAR, BERHAMPUR

SBIN0016586

BankState Bank of India
IFSC CodeSBIN0016586
Branch Code016586 (last six characters of IFSC)
BranchPREMNAGAR
City / DistrictBERHAMPUR
StateODISHA

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State Bank of India PREMNAGAR IFSC Code

The PREMNAGAR branch of State Bank of India located in BERHAMPUR, ODISHA is identified by the IFSC code SBIN0016586. This 11-character code is issued by the Reserve Bank of India (RBI) and is required for electronic fund transfers such as NEFT, RTGS, IMPS and UPI.

How to transfer money using SBIN0016586

  1. Log in to your bank’s net banking or mobile banking app.
  2. Choose the NEFT, RTGS or IMPS transfer option.
  3. Add the beneficiary with account number and branch name.
  4. Enter IFSC code SBIN0016586 to identify the PREMNAGAR branch.
  5. Enter the amount and confirm the transaction.

Difference between IFSC and MICR

AspectIFSC
Full formIndian Financial System Code
PurposeOnline money transfer (NEFT / RTGS / IMPS)
Format11-character alphanumeric
Issued byReserve Bank of India (RBI)

Frequently asked questions

What is the IFSC code of State Bank of India, PREMNAGAR?
The IFSC code is SBIN0016586.

What is the branch code?
The branch code is 016586, the last six characters of the IFSC code.