IFSC CODE DETAILS

STATE BANK OF INDIA

PREMNAGAR Branch

SBIN0016586

Branch Information

IFSC Code SBIN0016586
Bank STATE BANK OF INDIA
Branch PREMNAGAR
Address MAIN ROAD, PREMNAGAR, BERHAMPUR, DIST. GANJAM, ODISHA 760002
City BERHAMPUR
District GANJAM
State ODISHA
PIN Code 760002

Understanding IFSC Code SBIN0016586

SBIN
Bank Code
0
Reserved
016586
Branch Code
  • SBIN: identifies STATE BANK OF INDIA
  • 0: reserved digit (always 0 for future use)
  • 016586: identifies the PREMNAGAR branch in BERHAMPUR, ODISHA

Frequently Asked Questions: SBIN0016586

What is the IFSC code of STATE BANK OF INDIA PREMNAGAR branch?

The IFSC code of STATE BANK OF INDIA PREMNAGAR branch is SBIN0016586. This code is used for NEFT, RTGS, and IMPS fund transfers to this branch in BERHAMPUR, ODISHA (PIN 760002).

What does the IFSC code SBIN0016586 mean?

SBIN identifies STATE BANK OF INDIA, 0 is a reserved digit (always 0), and 016586 identifies the PREMNAGAR branch. Together they form the 11-character IFSC code assigned by the Reserve Bank of India.

Where is STATE BANK OF INDIA PREMNAGAR branch located?

STATE BANK OF INDIA PREMNAGAR branch is located at MAIN ROAD, PREMNAGAR, BERHAMPUR, DIST. GANJAM, ODISHA 760002. PIN code: 760002.

Can I use SBIN0016586 for NEFT, RTGS, IMPS and UPI?

Yes, SBIN0016586 is valid for all electronic transfers: NEFT (24x7, batch settlement), RTGS (real-time, minimum Rs 2 lakh), IMPS (instant, 24x7, up to Rs 5 lakh), and UPI (IFSC is used internally for bank routing in all UPI transactions). Enter this code with the account number to transfer funds to STATE BANK OF INDIA PREMNAGAR.

What is the MICR code for STATE BANK OF INDIA PREMNAGAR branch?

MICR (Magnetic Ink Character Recognition) is a 9-digit code used for cheque clearing and processing. Unlike the IFSC code used for online transfers, the MICR code is printed at the bottom of your cheque leaf using magnetic ink and is read by automated clearing machines.

Is the IFSC code SBIN0016586 still active?

Based on RBI records, SBIN0016586 is an active IFSC code assigned to STATE BANK OF INDIA PREMNAGAR in BERHAMPUR, ODISHA. If you receive a transaction failure citing this IFSC, contact STATE BANK OF INDIA directly or verify on the RBI website, as codes may be updated following bank mergers or branch relocations.

Verify Before You Transfer

Always confirm the IFSC code directly with STATE BANK OF INDIA or the RBI before initiating a high-value transfer.

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PIN code for this branch: 760002

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