IFSC Code
State Bank Of India IFSC Code - Premnagar
Branch Details
How to Transfer Funds Using State Bank Of India Premnagar IFSC Code?
You can transfer money electronically to the State Bank Of India Premnagar branch using the IFSC code SBIN0016586. Follow this step-by-step transaction guide:
- Log in to your bank's official internet banking portal or open their mobile banking application.
- Navigate to the **'Fund Transfer'** or **'Add Beneficiary'** option.
- Enter the beneficiary's name and their account number.
- In the IFSC field, enter the 11-digit code SBIN0016586.
- The system will automatically verify the branch name as **Premnagar** located at Main Road, Premnagar, Berhampur, Dist. Ganjam, Odisha 760002.
- Confirm the beneficiary registration and choose your transfer method: **NEFT**, **RTGS**, or **IMPS**.
- Enter the amount you wish to transfer and complete the transaction securely via OTP verification.
Important: Always double check the account number and IFSC code before authorizing a transaction to avoid failures or incorrect deposits.
Frequently Asked Questions
1. What is the IFSC Code of State Bank Of India Premnagar?
The IFSC Code of State Bank Of India Premnagar is SBIN0016586. This 11-digit alphanumeric code is mandatory for all online fund transfers, including NEFT, RTGS, and IMPS.
2. What is the MICR Code for State Bank Of India Premnagar?
The MICR Code for State Bank Of India Premnagar is NA. It is a 9-digit code printed on the bottom of cheque leaves, used primarily for faster clearing of cheques.
3. Where is State Bank Of India Premnagar located?
The branch is located at Main Road, Premnagar, Berhampur, Dist. Ganjam, Odisha 760002, in the city of Berhampur, Ganjam district, Odisha.
4. How can I use the SBIN0016586 IFSC code?
You can use SBIN0016586 to transfer money electronically via internet banking or mobile apps. Simply add the beneficiary, enter their account number, name, and this IFSC code to initiate a secure NEFT, RTGS, or IMPS transaction.