The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of State Bank Of India for its Hutatma Park,Udyamnagar,Kolhapur branch in Kolhapur, Kolhapur, Maharashtra, this complete guide will provide you with detailed information.

The banking system in India has changed over the years, and today customers of State Bank Of India located in Kolhapur or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SBIN0063771. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for State Bank Of India, Hutatma Park,Udyamnagar,Kolhapur, Kolhapur

Here are the key points that are associated with the IFSC Code SBIN0063771 of State Bank Of India for its branch located in Kolhapur, within the district of Kolhapur in the state of Maharashtra.

Particulars Details
Bank State Bank Of India
IFSC Code SBIN0063771
Branch Hutatma Park,Udyamnagar,Kolhapur
City Kolhapur
District Kolhapur
State Maharashtra
Address Hutatma Park,Udyamnagar,Kolhapur Pin-416008

These details are crucial, not just for online banking users but also for businesses and individuals who use State Bank Of India in Kolhapur for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0063771 for the Hutatma Park,Udyamnagar,Kolhapur branch of State Bank Of India has an important role.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with State Bank Of India located in Hutatma Park,Udyamnagar,Kolhapur, Kolhapur, Maharashtra, are allotted a unique IFSC like SBIN0063771 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Kolhapur.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents confusion between different branches of the same bank in places like Kolhapur and Kolhapur.
  • It reduces errors in fund transfers and improves accuracy.
  • It helps the sender banks to validate and confirm branch details before processing payments.

It makes sure that money sent to State Bank Of India in Hutatma Park,Udyamnagar,Kolhapur reaches the right place, even though there are thousands of branches in Maharashtra and across India.

Format of the IFSC Code SBIN0063771

The format of the IFSC Code for banks, including State Bank Of India, has an 11-character structure:

AAAA0CCCCCC

Here's the breakdown:

  • First 4 characters (AAAA): Show the bank code. For State Bank Of India, these letters represent the bank's short name.
  • 5th character: Is always zero and is kept for future use.
  • Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Hutatma Park,Udyamnagar,Kolhapur in Kolhapur.

For example, the IFSC Code SBIN0063771 of State Bank Of India for the Hutatma Park,Udyamnagar,Kolhapur branch includes these elements, identifying the bank and the branch location in Kolhapur and Maharashtra correctly.

How to Find IFSC Code for State Bank Of India?

If you are trying to find the IFSC Code SBIN0063771 of State Bank Of India for its Hutatma Park,Udyamnagar,Kolhapur branch located in Kolhapur, the following methods can help:

Cheque Book

The cheque books that are issued by State Bank Of India include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.

Passbook

Most banks, including State Bank Of India branches in Kolhapur and Kolhapur, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

Visit the official website of State Bank Of India and find the branch locator section. Search for Hutatma Park,Udyamnagar,Kolhapur or Kolhapur to get the exact IFSC Code SBIN0063771.

Mobile Banking App

If you use State Bank Of India's mobile app, you can easily check your account details to find your branch's IFSC code.

RBI Website

The Reserve Bank of India maintains an updated database of all IFSC codes to help you in searching for State Bank Of India and Kolhapur that will provide accurate information.

How to Use IFSC Code SBIN0063771 for Online Transfers?

If you have the IFSC Code SBIN0063771 for the Hutatma Park,Udyamnagar,Kolhapur branch of State Bank Of India in Kolhapur, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SBIN0063771. Transfers are processed in batches. Suitable for personal and business payments.

RTGS

Used for high-value payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. Asks for the recipient's account details and State Bank Of India IFSC Code SBIN0063771.

Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for State Bank Of India Hutatma Park,Udyamnagar,Kolhapur in Kolhapur, it may result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of State Bank Of India in Hutatma Park,Udyamnagar,Kolhapur, here are some of the ways you can get it:

  • Check the bottom of your cheque leaf.
  • Refer to the first page of your passbook.
  • Visit the official State Bank Of India website.
  • Search the RBI portal.

Knowing both IFSC and MICR code can help account holders in Kolhapur manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of State Bank Of India in Hutatma Park,Udyamnagar,Kolhapur, Kolhapur?

The IFSC Code is SBIN0063771.

Is the IFSC Code SBIN0063771 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of State Bank Of India Hutatma Park,Udyamnagar,Kolhapur?

You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Hutatma Park,Udyamnagar,Kolhapur branch?

The address of the branch is Hutatma Park,Udyamnagar,Kolhapur Pin-416008 located in Kolhapur, Kolhapur, Maharashtra.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.

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