For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of State Bank Of India for its Treasury Branch Kolhapur branch in Kolhapur, Kolhapur, Maharashtra, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly 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 SBIN0007249. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for State Bank Of India, Treasury Branch Kolhapur, Kolhapur
Below in the table are the key details related to IFSC Code SBIN0007249 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 | SBIN0007249 |
| Branch | Treasury Branch Kolhapur |
| City | Kolhapur |
| District | Kolhapur |
| State | Maharashtra |
| Address | Ashish Chambers, Shahpuri, Kolhapur-Maharashtra 416001 |
These details are essential not only for online banking users but also for businesses and individuals who use State Bank Of India in Kolhapur for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0007249 for the Treasury Branch Kolhapur branch of State Bank Of India plays an important role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including State Bank Of India located in Treasury Branch Kolhapur, Kolhapur, Maharashtra, is provided a unique IFSC like SBIN0007249 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the State Bank Of India branch in Kolhapur.
- Helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any confusions between multiple branches of the same bank across different places like Kolhapur and Kolhapur.
- It reduces most of the errors in fund transfers and makes sure its accuracy.
- It enables sender banks to validate and confirm branch details before processing payments.
For thousands of branches across Maharashtra and the rest of India, the IFSC Code ensures that transactions meant for State Bank Of India in Treasury Branch Kolhapur do not get misguided to another person.
Format of the IFSC Code SBIN0007249
The format of the IFSC Code for banks, including State Bank Of India, follows 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 Treasury Branch Kolhapur in Kolhapur.
For example, the IFSC Code SBIN0007249 of State Bank Of India for the Treasury Branch Kolhapur branch includes these elements, identifying the bank and the branch location in Kolhapur and Maharashtra accurately.
How to Find IFSC Code for State Bank Of India?
If you are trying to find the IFSC Code SBIN0007249 of State Bank Of India for its Treasury Branch 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 Treasury Branch Kolhapur or Kolhapur to get the exact IFSC Code SBIN0007249.
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 SBIN0007249 for Online Transfers?
Once you have the IFSC Code SBIN0007249 for the Treasury Branch Kolhapur branch of State Bank Of India in Kolhapur, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code SBIN0007249. The transfer is completed in batches instead of instantly. It is useful for both 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. Requires the recipient's account details and State Bank Of India IFSC Code SBIN0007249.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the State Bank Of India Treasury Branch Kolhapur in Kolhapur, your payment can get delayed or might not go through at all.
Finding the MICR Code
MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of State Bank Of India in Treasury Branch Kolhapur, here are some ways to obtain 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.
Having both the IFSC and MICR codes makes it easy for account holders in Kolhapur to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Treasury Branch Kolhapur Kolhapur branch is SBIN0007249.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Ashish Chambers, Shahpuri, Kolhapur-Maharashtra 416001.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.