The cheque of the amount was handed over to Chief Minister Naveen Patnaik by a team of officers led by SBI's General Manager (Network-II) Sanjay Kumar Magoo.
Of the SBI's 757 branches in the state, functioning of 107 branches have been affected due to the cyclone and floods, Magoo said.
He said SBI had taken adequate steps to restore normalcy in all its branches and ATMs within two days.