Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of State Bank Of India for its Bagri Market branch in Kolkata, Kolkata, West Bengal, then this guide will give you detailed information.

The banking system has evolved significantly in India, and today the customers of State Bank Of India located in Kolkata or anywhere in West Bengal can transfer funds instantly by using the correct IFSC Code SBIN0001748. You should definitely know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.

Details of IFSC Code for State Bank Of India, Bagri Market, Kolkata

Below in the table are the key details related to IFSC Code SBIN0001748 of State Bank Of India for its branch located in Kolkata, within the district of Kolkata in the state of West Bengal.

Particulars Details
Bank State Bank Of India
IFSC Code SBIN0001748
Branch Bagri Market
City Kolkata
District Kolkata
State West Bengal
Address 23 Brrb Road Distt Kolkata West Bengal 700001

These details help users in online banking and for businesses and individuals who use State Bank Of India in Kolkata for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SBIN0001748 for the Bagri Market branch of State Bank Of India has a very 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, including State Bank Of India located in Bagri Market, Kolkata, West Bengal, is provided with a unique IFSC like SBIN0001748 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It uniquely identifies the State Bank Of India branch in Kolkata.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any errors or confusions between multiple branches of the same bank across different places like Kolkata and Kolkata.
  • It reduces errors in fund transfers and improves accuracy.
  • It allows sender banks to validate and confirm branch details before processing payments.

There are thousands of branches across West Bengal and the rest of India and the IFSC Code ensures that transactions meant for State Bank Of India in Bagri Market do not get mixed with another location.

Format of the IFSC Code SBIN0001748

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 Bagri Market in Kolkata.

For example, the IFSC Code SBIN0001748 of State Bank Of India for the Bagri Market branch includes these elements, identifying the bank and the branch location in Kolkata and West Bengal accurately.

How to Find IFSC Code for State Bank Of India?

If you are looking for the IFSC Code SBIN0001748 of State Bank Of India for its Bagri Market branch located in Kolkata, the following methods can help:

Cheque Book

The cheque book that is issued by State Bank Of India includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.

Passbook

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

Bank Website

You can visit the official website of State Bank Of India and look for the branch locator section, then search for Bagri Market or Kolkata to get the exact IFSC Code SBIN0001748.

Mobile Banking App

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

RBI Website

The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for State Bank Of India and Kolkata, then it will provide you proper information.

How to Use IFSC Code SBIN0001748 for Online Transfers?

Once you have the IFSC Code SBIN0001748 for the Bagri Market branch of State Bank Of India in Kolkata, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code SBIN0001748. The transfer is completed in batches. It is useful for both personal and business payments.

RTGS

Used for payments over ₹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 SBIN0001748.

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 Bagri Market in Kolkata, 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 Bagri Market, 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 Kolkata to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of State Bank Of India in Bagri Market, Kolkata?

The IFSC Code is SBIN0001748.

Is the IFSC Code SBIN0001748 permanent?

Yes, but it can change during merging or restructuring of the bank.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and IFSC is for online transfers.

Where can I find the IFSC Code of State Bank Of India Bagri Market?

You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.

What is the full address of the Bagri Market branch?

The address of the branch is 23 Brrb Road Distt Kolkata West Bengal 700001 located in Kolkata, Kolkata, West Bengal.

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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